Section 10-9C-1003 (Effective January 1, 2010) Proper plaintiff.
Section 10-9C-1003
(Effective January 1, 2010) Proper plaintiff.
A derivative action may be maintained only by a person that is a partner at the time the action is commenced and:
(1) that was a partner when the conduct giving rise to the action occurred; or
(2) whose status as a partner devolved upon 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.
(Act 2009-621, §1.)