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In a derivative action, the complaint must state with particularity: (1) the date and content of plaintiff's demand and the general partners' response to the demand; or (2) why demand should be excused as futile.
Structure Arkansas Code
Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 4 - Partnerships
Chapter 47 - Uniform Limited Partnership Act (2001)
Subchapter 10 - Actions by Partners
§ 4-47-1001. Direct action by partner
§ 4-47-1002. Derivative action
§ 4-47-1003. Proper plaintiff
§ 4-47-1004. Pleading
§ 4-47-1005. Proceeds and expenses