Derivative action

805 ILCS 215/1002, under Actions by Partners.

805 ILCS 215/1002

(805 ILCS 215/1002)

    Sec. 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.

(Source: P.A. 93-967, eff. 1-1-05.)