Haw. Rev. Stat. § 425E-1003

Current through the 2024 Legislative Session

Section 425E-1003 - Proper plaintiff

A derivative action may be maintained only by a person that is a partner at the time the action is commenced and:

(1) That was a partner when the conduct giving rise to the action occurred; or

(2) Whose status as a partner devolved upon the person by operation of law or pursuant to the terms of the partnership agreement from a person that was a partner at the time of the conduct.

HRS § 425E-1003

L 2003, c 210 , pt of §1 .