Code of Alabama |
Match Context and Document information |
URL: | http://alisondb.legislature.state.al.us/alison/CodeOfAlabama /1975/10A-9A-9.03.htm |
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Depth: | 0 singles |
Size: | 1,005 bytes |
Modified: | 2016-10-27 08:37:36 |
Categories: | -None- |
Title: | 10A-9A-9.03 |
Description: | -None- |
Keywords: | -None- |
Meta data: | -None- |
Body: | Section 10A-9A-9.03 Standing. A partner may commence or maintain a derivative action in the right of the limited partnership only if the partner: (1) fairly and adequately represents the interests of the limited partnership in enforcing the right of the limited partnership; and (2) either: (A) was a partner of the limited partnership at the time of the act or omission of which the partner complains; or (B) 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 who was a partner at the time of the act or omission of which the partner complains. (Act 2016-379, ยง1.) |