A partner may maintain a derivative action to enforce a right of a limited partnership if:
A. 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
B. a demand would be futile.
History: Laws 2007, ch. 129, § 1002.
Effective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.