Montana Statutes
§ 35-12-1401 — Derivative Action
Montana·Title 35 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS·Ch. 12 LIMITED PARTNERSHIPS·Part 14 Derivative Actions
35-12-1401 . Derivative action. 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
En. Sec. 59, Ch. 522, L. 1981; amd. Sec. 78, Ch. 216, L. 2011.
Nearby Sections
15
§ 35-12-1001
Interim Distributions§ 35-12-1002
Repealed§ 35-12-1003
Repealed§ 35-12-1004
Repealed§ 35-12-1005
Distributions In Kind§ 35-12-1006
Right To Distributions§ 35-12-1007
Repealed§ 35-12-1008
Repealed§ 35-12-1009
No Distribution On Account Of Dissociation§ 35-12-101
Repealed§ 35-12-1010
Limitations On Distribution§ 35-12-1011
Liability For Improper Distributions§ 35-12-1012
Through 35-12-1015 Reserved§ 35-12-1016
Dissociation As Limited Partner§ 35-12-1017
Effect Of Dissociation As Limited Partner