Derivative action

54 O.S. § 500-1002A, under Title 54 — Partnership.

54 O.S. § 500-1002A

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. Added by Laws 2010, c. 384, § 84, eff. Jan. 1, 2011.