S.D. Codified Laws § 48-7-1002

Current through the 2024 Legislative Session
Section 48-7-1002 - Proper plaintiff

In a derivative action, the plaintiff must be a partner at the time of bringing the action and at the time of the transaction of which he complains or his status as a partner had devolved upon him 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 transaction.

SDCL 48-7-1002

SL 1986, ch 391, § 1002.