Haw. Rev. Stat. § 425E-1002

Current through Act 25 of the 2024 Legislative Session

Section 425E-1002 - Derivative action

A partner may maintain a derivative action to enforce a right of a limited partnership if:

(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) A demand would be futile.

HRS § 425E-1002

L 2003, c 210 , pt of §1 .