Me. Stat. tit. 31 § 1423

Current through 131st (2023-2024) Legislature Chapter 684

Section 1423 - Proper plaintiff

A derivative action may be maintained only by a person that is a partner at the time the action is commenced and: [2005, c. 543, Pt. C, §2(NEW).]

1.Partner when conduct occurred. That was a partner when the conduct giving rise to the action occurred; or

[2005, c. 543, Pt. C, §2(NEW).]

2.Partner status. 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 the conduct.

[2005, c. 543, Pt. C, §2(NEW).]

31 M.R.S. § 1423

2005, c. 543, §C2 (NEW) .