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15 chapters · 1,472 sections in this title.
KRS § 362.511 Right of limited partner to bring derivative action
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A limited partner may bring an action in the right of a limited partnership to recover a judgment in its favor if general partners with authority to do so have refused to bring the action or if an effort to cause those general partners to bring the action is not likely to succeed…
KRS § 362.513 Derivative action: proper plaintiff
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In a derivative action, the plaintiff shall be a partner at the time of bringing the action and either: (1) At the time of the transaction of which he complains; or (2) His status as a partner shall have devolved upon him by operation of law or pursuant to the terms of the partne…
KRS § 362.515 Derivative action: pleadings
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In a derivative action, the complaint shall set forth with particularity the effort of the plaintiff to secure initiation of the action by a general partner or the reasons for not making the effort.
KRS § 362.517 Derivative action: expenses
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If a derivative action is successful, in whole or in part, or if anything is received by the plaintiff as a result of a judgment, compromise, or settlement of any action or claim, the court may award the plaintiff reasonable expenses, including reasonable attorney's fees. If anyt…