Tennessee § 61-3-903 Proper plaintiff

Tennessee Statutes

§ 61-3-903 — Proper plaintiff

Tennessee § 61-3-903

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This text of Tennessee § 61-3-903 (Proper plaintiff) 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. § 61-3-903 (2026).

Text

A derivative action to enforce a right of a limited partnership may be maintained only by a person that:

(1)Is a partner at the time the action is commenced; and (2) Either:

(A)Was a partner when the conduct giving rise to the action occurred; or (B) Whose status as a partner devolved on 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 to enforce a right of a limited partnership may be maintained only by a person that: (1) Is a partner at the time the action is commenced; and (2) Either: (A) Was a partner when the conduct giving rise to the action occurred; or (B) Whose status as a partner devolved on 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.