Minn. Stat. § 321.1002

Current through Register Vol. 49, No. 8, August 19, 2024

Section 321.1002 - DERIVATIVE ACTION

A partner may maintain 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.

Minn. Stat. § 321.1002

2004 c 199 art 10 s 83