Minn. Stat. § 321.1003

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

Section 321.1003 - PROPER PLAINTIFF

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 the 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 the conduct.

Minn. Stat. § 321.1003

2004 c 199 art 10 s 84