US Lawyer Database

Sec. 32.11.900. Definitions.

In this chapter, unless the context otherwise requires, (1) “certificate of limited partnership” means the certificate referred to in AS 32.11.010 and the certificate as amended or restated; (2) “commissioner” means the commissioner of commerce, community, and economic development; (3) “contribution” means cash, property, services rendered, or a promissory note or other binding obligation to […]

Sec. 32.11.870. Filing fees.

A domestic or foreign limited partnership that files a certificate of limited partnership, amendment, cancellation, or registration, or other application with the department, shall pay to the commissioner a filing fee established by the department by regulation. The filing fee must be uniform and fixed.

Sec. 32.11.470. Transaction of business without registration.

(a) A foreign limited partnership transacting business in this state may not maintain an action, suit, or proceeding in a court of this state until it has registered in this state. (b) The failure of a foreign limited partnership to register in this state does not impair the validity of a contract or act of […]

Sec. 32.11.480. Action by department.

The department may bring an action to restrain a foreign limited partnership from transacting business in this state in violation of AS 32.11.410 – 32.11.480.

Sec. 32.11.490. Derivative action authorized.

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.

Sec. 32.11.500. Proper plaintiff.

In a derivative action, the plaintiff must be a partner at the time of bringing the action and (1) must have been a partner at the time of the transaction of which the plaintiff complains; or (2) the plaintiff’s status as a partner must have devolved upon the plaintiff by operation of law or under […]

Sec. 32.11.510. Pleading.

In a derivative action, the complaint must set out with particularity the effort of the plaintiff to secure initiation of the action by a general partner or the reasons for not making the effort.

Sec. 32.11.520. Recoveries.

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 an action or claim, and if the plaintiff is awarded attorney fees or costs, the court shall direct the plaintiff to remit to the limited partnership […]