A partner may commence a derivative action in the right of the limited partnership, if:
(a) the partner first makes a written demand upon 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 under subsection (a) would be futile.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 9A - Alabama Limited Partnership Law.
Article 9 - Actions by Partners.
Section 10A-9A-9.01 - Direct Action by Partner.
Section 10A-9A-9.02 - Right of Derivative Action.
Section 10A-9A-9.03 - Standing.
Section 10A-9A-9.05 - Pleading.
Section 10A-9A-9.06 - Stay of Proceedings.
Section 10A-9A-9.07 - Discontinuance or Settlement.
Section 10A-9A-9.08 - Proceeds and Expenses.
Section 10A-9A-9.09 - Applicability to Foreign Limited Partnerships.