Maine § 31 §1423 Proper plaintiff

Maine Statutes

§ 31 §1423 — Proper plaintiff

Maine § 31 §1423

Title 31PARTNERSHIPS AND ASSOCIATIONS

Ch. 19UNIFORM LIMITED PARTNERSHIP ACT

This text of Maine § 31 §1423 (Proper plaintiff) 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 §1423 (2026).

Text

A derivative action may be maintained only by a person that is a partner at the time the action is commenced and:

1.Partner when conduct occurred. That was a partner when the conduct giving rise to the action occurred; or

2.Partner status. Whose status as a partner devolved upon the person by operation of law or pursuant to the terms of the partnership agreement from a person that was a partner at the time of the conduct.

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A derivative action may be maintained only by a person that is a partner at the time the action is commenced and:
1.
Partner when conduct occurred.
That was a partner when the conduct giving rise to the action occurred; or
2.
Partner status.
Whose status as a partner devolved upon the person by operation of law or pursuant to the terms of the partnership agreement from a person that was a partner at the time of the conduct.