56-1a,551 Right of action.
56-1a551. Right of action. A limited partner may bring an action in the right of a limited partnership to recover a judgment in the limited partnership’s 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 […]
56-1a,552 Proper plaintiff.
56-1a552. Proper plaintiff. In a derivative action, the plaintiff must be a partner at the time of bringing the action and (a) be a partner at the time of the transaction of which the plaintiff complains or (b) have had status as a partner devolve upon the plaintiff by operation of law or pursuant to […]
56-1a,553 Pleading.
56-1a553. Pleading. In a derivative action, the complaint shall set forth with particularity the effort, if any, of the plaintiff to secure initiation of the action by a general partner or the reasons for not making the effort. History: L. 1983, ch. 88, § 61; July 1.
56-1a,554 Expenses.
56-1a554. Expenses. If a derivative action is successful, in whole or in part, or if anything is received by the plaintiff as a result of a judgment, compromise or settlement of a derivative action, the court may award the plaintiff reasonable expenses, including reasonable attorney fees. If anything is so received by the plaintiff, the […]
56-1a,601 Construction and application.
56-1a601. Construction and application. (a) This act shall be so applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this act among states enacting it. (b) The rule that statutes in derogation of the common law are to be strictly construed shall have no application […]
56-1a,602 Severability.
56-1a602. Severability. If any provision of this act or its application to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of the act which can be given effect without the invalid provision or application. To this end, the provisions of this act are severable. History: L. 1983, […]
56-1a,603 Effective date.
56-1a603. Effective date. (a) All domestic limited partnerships formed on or after January 1, 1984, shall be governed by the provisions of the Kansas revised uniform limited partnership act. (b) Except as provided in subsections (c) and (d), all domestic limited partnerships formed prior to January 1, 1984, shall continue to be governed by the […]
56-1a,604 Rules for cases not provided for in this act.
56-1a604. Rules for cases not provided for in this act. In any case not provided for in the Kansas revised limited partnership act, the provisions of the Kansas uniform partnership act (K.S.A. 56a-101 et seq., and amendments thereto) shall govern. History: L. 1983, ch. 88, § 67; L. 1998, ch. 93, § 73; Jan. 1, […]
56-1a,301 Form of contribution.
56-1a301. Form of contribution. The contribution of a partner may be in cash, property or services rendered, or a promissory note or other obligation to contribute cash or property or to perform services. History: L. 1983, ch. 88, § 28; July 1.
56-1a,405 Power of estate of deceased or incompetent partner.
56-1a405. Power of estate of deceased or incompetent partner. If a partner who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the partner’s person or property, the partner’s executor, administrator, guardian, conservator or other legal representative may exercise all of the partner’s rights for the […]