S.C. Code § 33-42-1820

Current through 2024 Act No. 225.
Section 33-42-1820 - Proper plaintiff

In a derivative action, the plaintiff must be a partner at the time of bringing the action and (1) must have been a partner at the time of the transaction of which he complains or (2) his status as a partner must have devolved upon him by operation of law or pursuant to the terms of the partnership agreement from a person who was a partner at the time of the transaction.

S.C. Code § 33-42-1820

1986 Act No. 533, Section 1; 1985 Act No. 11, Sections 3, 4; 1984 Act No. 491, Section 1.