A derivative action may be maintained only by a person that is a partner at the time the action is commenced and:

1. A. that was a partner when the conduct giving rise to the action occurred; or
2. B. whose status as a partner devolved upon the person by operation of law or pursuant to the terms of the partnership agreement from a person that was a partner at the time of the conduct.

History: Laws 2007, ch. 129, § 1003.

ANNOTATIONS

Effective dates. — Laws 2007, ch. 129, § 1208 made the section effective January 1, 2008.