Minnesota Statutes
§ 321.1002 — DERIVATIVE ACTION
Minnesota § 321.1002
JurisdictionMinnesota
PartBUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS
Ch. 321UNIFORM LIMITED PARTNERSHIP ACT 2001
This text of Minnesota § 321.1002 (DERIVATIVE ACTION) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Minn. Stat. § 321.1002 (2026).
Text
A partner may maintain a derivative action to enforce a right of a limited partnership if:
(1)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)a demand would be futile.
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Legislative History
2004 c 199 art 10 s 83
Nearby Sections
15
§ 321.0101
SHORT TITLE§ 321.0102
DEFINITIONS§ 321.0103
KNOWLEDGE AND NOTICE§ 321.0104
NATURE, PURPOSE, AND DURATION OF ENTITY§ 321.0105
POWERS§ 321.0106
GOVERNING LAW§ 321.0108
NAME§ 321.0109
RESERVATION OF NAME§ 321.0111
REQUIRED INFORMATION§ 321.0113
DUAL CAPACITY§ 321.0114
OFFICE AND AGENT FOR SERVICE OF PROCESSCite This Page — Counsel Stack
Bluebook (online)
Minnesota § 321.1002, Counsel Stack Legal Research, https://law.counselstack.com/statute/mn/321/321.1002.