Tennessee Statutes
§ 61-3-902 — Derivative action
Tennessee § 61-3-902
JurisdictionTennessee
Title61
This text of Tennessee § 61-3-902 (Derivative action) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tenn. Code Ann. § 61-3-902 (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 the general partners 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 under subdivision (1) would be futile.
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Legislative History
Added by 2017 Tenn. Acts, ch. 440,s 1, eff. 1/1/2018.
Nearby Sections
15
§ 61-1-1002
Registered office - Registered agent§ 61-1-1003
Name§ 61-1-1006
Certificate of existence§ 61-1-101
Chapter definitions§ 61-1-102
Knowledge and notice§ 61-1-104
Supplemental principles of law§ 61-1-106
Governing law§ 61-1-1201
Uniformity of application and construction§ 61-1-1202
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Bluebook (online)
Tennessee § 61-3-902, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/61-3-902.