A partner may maintain a derivative action in the Superior Court to enforce a right of a limited partnership if:

1. (1) The partner first makes a demand on the general partners, requesting that they cause the limited partnership to bring an action to enforce the right, and the general partners do not bring the action within a reasonable time; or
2. (2) A demand would be futile.

History

July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720

Editor's Notes

Uniform Law: This section is based on § 1002 of the Uniform Limited Partnership Act (2001 Act).