Ala. Code § 10A-9A-9.04

Current through the 2024 Regular Session.

Section 10A-9A-9.04 - Demand

A partner may commence a derivative action in the right of the limited partnership, if:

(a) the partner first makes a written demand upon 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

(b) a demand under subsection (a) would be futile.

Ala. Code § 10A-9A-9.04 (1975)

Added by Act 2016-379,§ 1, eff. 1/1/2017.