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30 chapters · 1,466 sections in this title.
Iowa Code § 488.1001 Direct action by partner.
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1. Subject to subsection 2 , a partner may maintain a direct action against the limited partnership or another partner for legal or equitable relief, with or without an accounting as to the partnership’s activities, to enforce the rights and otherwise protect the interests of the…
Iowa Code § 488.1002 Derivative action.
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A partner may maintain a derivative action to enforce a right of a limited partnership, but a partner shall not commence such a proceeding until both of the following have occurred: 1. A written demand has been made upon the general partner or partners, requesting that they cause…
Iowa Code § 488.1003 Proper plaintiff.
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A derivative action may be maintained only by a person that is a partner at the time the action is commenced and where one of the following also applies: 1. The person was a partner when the conduct giving rise to the action occurred. 2. The person’s status as a partner devolved …
Iowa Code § 488.1004 Pleading.
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In a derivative action, the petition must state with particularity the date and content of plaintiff’s demand and either the general partners’ response to the demand or how the limited partnership would be irreparably harmed by waiting for such a response for ninety days. 2004 Ac…