§ 7-13.1-903. Proper plaintiff. [Effective January 1, 2023.]
A derivative action to enforce a right of a limited partnership may be maintained only by a person that is a partner at the time the action is commenced and:
(1) Was a partner when the conduct giving rise to the action occurred; or
(2) Whose status as a partner devolved on the person by operation of law or pursuant to the terms of the partnership agreement from a person that was a partner at the time of the conduct.
History of Section.P.L. 2022, ch. 121, § 2, effective January 1, 2023; P.L. 2022, ch. 122, § 2, effective January 1, 2023.
Structure Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-13.1 - Uniform Limited Partnership Act [Effective January 1, 2023.]
Part 9 - Actions by Partners [Effective January 1, 2023.]
Section 7-13.1-901. - Direct action by partner. [Effective January 1, 2023.]
Section 7-13.1-902. - Derivative action. [Effective January 1, 2023.]
Section 7-13.1-903. - Proper plaintiff. [Effective January 1, 2023.]
Section 7-13.1-904. - Pleading. [Effective January 1, 2023.]
Section 7-13.1-905. - Special litigation committee. [Effective January 1, 2023.]
Section 7-13.1-906. - Proceeds and expenses. [Effective January 1, 2023.]