Effective – 01 Jan 1987 359.571. Right to bring a derivative 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 […]
Effective – 01 Jan 1987 359.581. Proper plaintiff. — In a derivative action, the plaintiff must be a partner at the time of bringing the action and: (1) At the time of the transaction of which he complains; or (2) His status as a partner had devolved upon him by operation of law or pursuant […]
Effective – 01 Jan 1987 359.591. Pleading to contain statement of request to general partner to initiate action. — 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. ——– (L. […]
Effective – 01 Jan 1987 359.601. Court may award plaintiff expenses, when. — 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 […]
