California Corporations Code

§ 15910.02

CORP § 15910.02 Effective Jan 1, 2007Title 2 · Ch. 4.5 · Art. 10

Statute text

A partner may bring 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.

Legislative history

Added by Stats. 2006, Ch. 495, Sec. 20. Effective January 1, 2007. Section operative January 1, 2008, pursuant to Section 15912.04.