Cal. Corp. Code § 15910.02

Current through the 2023 Legislative Session.

Section 15910.02 - Derivative action

A partner may bring 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.

Ca. Corp. Code § 15910.02

Added by Stats 2006 ch 495 (AB 339),s 20, eff. 1/1/2008.