§ 3491. Right of action
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. (Added 1997, No. 149 (Adj. Sess.), § 4, eff. Jan. 1, 1999.)
Structure Vermont Statutes
Title 11 - Corporations, Partnerships and Associations
Chapter 23 - Limited Partnerships
§ 3404. Specified office and agent
§ 3407. Business transactions of partner with partnership
§ 3411. Certificate of limited partnership
§ 3412. Amendment to certificate
§ 3413. Cancellation of certificate
§ 3414. Execution of certificates
§ 3415. Execution by judicial act
§ 3416. Filing in Office of Secretary of State
§ 3417. Liability for false statement in certificate
§ 3419. Delivery of certificates to limited partners
§ 3421. Admission of limited partners
§ 3423. Liability to third parties
§ 3424. Person erroneously believing himself or herself limited partner
§ 3431. Admission of additional general partners
§ 3433. General powers and liabilities
§ 3434. Contributions by general partner
§ 3442. Liability for contribution
§ 3443. Sharing of profits and losses
§ 3444. Sharing of distributions
§ 3452. Withdrawal of general partner
§ 3453. Withdrawal of limited partner
§ 3454. Distribution upon withdrawal
§ 3457. Limitations on distribution
§ 3458. Liability upon return of contribution
§ 3461. Nature of partnership interest
§ 3462. Assignment of partnership interest
§ 3464. Right of assignee to become limited partner
§ 3465. Power of estate of deceased or partner who is incompetent
§ 3471. Nonjudicial dissolution
§ 3474. Distribution of assets
§ 3483. Issuance of registration
§ 3485. Changes and amendments
§ 3486. Cancellation of registration
§ 3487. Transaction of business without registration
§ 3488. Action by Attorney General
§ 3501. Construction and application