Utah Code Ann. § 48-2e-1003 – Proper plaintiff. | Midpage
§ 48-2e-1003
Utah Code Ann. § 48-2e-1003
Proper plaintiff.
Renumbered and Amended by Chapter 93, 2026 General Session
A derivative action to enforce a right of a limited partnership may be maintained only by a person that is a partner at the time the action is commenced and:
(1) which was a partner when the conduct giving rise to the action occurred; or
(2) whose status as a partner devolved on 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.
Renumbered and Amended by Chapter 93, 2026 General Session