Sec. 153.406. DISCOVERY. (a) If a limited partnership proposes to dismiss a derivative proceeding under Section 153.408, discovery by a limited partner after the filing of the derivative proceeding in accordance with this subchapter shall be limited to:
(1) facts relating to whether the person or persons described by Section 153.404 are independent and disinterested;
(2) the good faith of the inquiry and review by the person or group; and
(3) the reasonableness of the procedures followed by the person or group in conducting the review.
(b) Discovery described by Subsection (a) may not be expanded to include a fact or substantive matter regarding the act, omission, or other matter that is the subject matter of the derivative proceeding, but the scope of discovery shall not be so limited if the court determines after notice and hearing that a good faith review of the allegations has not been made by an independent and disinterested person or group in accordance with Sections 153.404 and 153.408.
Added by Acts 2019, 86th Leg., R.S., Ch. 899 (H.B. 3603), Sec. 30, eff. September 1, 2019.
Structure Texas Statutes
Chapter 153 - Limited Partnerships
Subchapter I. Derivative Actions
Section 153.402. Standing to Bring Proceeding
Section 153.404. Determination by Independent Persons
Section 153.405. Stay of Proceeding
Section 153.407. Tolling of Statute of Limitations
Section 153.408. Dismissal of Derivative Proceeding
Section 153.409. Allegations After Demand Rejected
Section 153.410. Discontinuance or Settlement
Section 153.411. Payment of Expenses
Section 153.412. Application to Foreign Limited Partnerships