California Corporations Code

§ 15910.03

CORP § 15910.03 Effective Jan 1, 2007Title 2 · Ch. 4.5 · Art. 10

Statute text

(a)A derivative action may be maintained only by a person that is a partner at the time the action is commenced and:

(1)that was a partner when the conduct giving rise to action occurred; or

(2)whose status as a partner devolved upon 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 that conduct.

…

Legislative history

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