Michigan Compiled Laws
Article 10 - (449.2001...449.2005)
Section 449.2001 - Limited Partner; Right to Bring Action to Recover Judgment.

Sec. 1001.
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.
History: 1982, Act 213, Eff. Jan. 1, 1983

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 449 - Partnerships

Act 213 of 1982 - Michigan Revised Uniform Limited Partnership Act (449.1101 - 449.2108)

Article 10 - (449.2001...449.2005)

Section 449.2001 - Limited Partner; Right to Bring Action to Recover Judgment.

Section 449.2002 - Status of Plaintiff in Derivative Action.

Section 449.2003 - Complaint in Derivative Action; Contents.

Section 449.2004 - Discontinuance, Compromise, or Settlement of Derivative Action; Court Approval; Notice; Costs.

Section 449.2005 - Awarding Expenses to Plaintiff in Successful Derivative Action; Remittance to Limited Partnership of Remainder of Proceeds; Exception; Action Brought Without Reasonable Cause; Payment of Defendants' Expenses by Plaintiff.