D.C. Code § 29-709.02

Current through codified legislation effective September 18, 2024

Section 29-709.02 - Derivative action

A partner may maintain a derivative action in the Superior Court 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.

D.C. Code § 29-709.02

July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.

Uniform Law: This section is based on § ,1002 of the Uniform Limited Partnership Act (2001 Act).