Del. Code tit. 6 § 17-1206

Current through 2024 Legislative Session Act Chapter 494
Section 17-1206 - Derivative suits

Limited partners of a statutory public benefit limited partnership or assignees of partnership interests in a statutory public benefit limited partnership owning individually or collectively, as of the date of instituting such derivative suit, at least 2% of the then-current percentage or other interest in the profits of the limited partnership or, in the case of a limited partnership with partnership interests listed on a national securities exchange, the lesser of such percentage or partnership interests of at least $2,000,000 in market value, may maintain a derivative lawsuit to enforce the requirements set forth in § 17-1204(a) of this title.

6 Del. C. § 17-1206

Added by Laws 2019 , ch. 46, s 30, eff. 8/1/2019.