Maine § 31 §1422 Derivative action

Maine Statutes

§ 31 §1422 — Derivative action

Maine § 31 §1422

Title 31PARTNERSHIPS AND ASSOCIATIONS

Ch. 19UNIFORM LIMITED PARTNERSHIP ACT

This text of Maine § 31 §1422 (Derivative action) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 31, § 31 §1422 (2026).

Text

A partner may maintain a derivative action to enforce a right of a limited partnership if:

1.Demand for limited partnership to enforce. The partner first makes a demand on the general partners, requesting that they cause the limited partnership to bring an action to enforce the right, and the general partners do not bring the action within a reasonable time; or

2.Demand futile. A demand would be futile.

Free access — add to your briefcase to read the full text and ask questions with AI

A partner may maintain a derivative action to enforce a right of a limited partnership if:
1.
Demand for limited partnership to enforce.
The partner first makes a demand on the general partners, requesting that they cause the limited partnership to bring an action to enforce the right, and the general partners do not bring the action within a reasonable time; or
2.
Demand futile.
A demand would be futile.