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Home » US Law » 2022 Arizona Revised Statutes » Title 29 - Partnership » Article 10 - Derivative Actions

§ 29-356 – Right of action

29-356. 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 […]

§ 29-357 – Proper plaintiff

29-357. Proper plaintiff In a derivative action, the plaintiff shall be a partner at the time of bringing the action and: 1. Shall have been a partner at the time of the transaction of which he complains; or 2. His status as a partner shall have devolved upon him by operation of law or pursuant […]

§ 29-358 – Pleading

29-358. Pleading In a derivative action, the complaint shall set forth 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.

§ 29-359 – Expenses

29-359. 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 an action or claim, the court may award the plaintiff reasonable expenses, including reasonable attorney fees, and shall direct him to remit to the […]