Ky. Rev. Stat. § 362.513

Current through 2024 Ky. Acts ch. 225

Section 362.513 - Derivative action: proper plaintiff

In a derivative action, the plaintiff shall be a partner at the time of bringing the action and either:

(1) At the time of the transaction of which he complains; or

(2) His status as a partner shall 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.

KRS 362.513

Effective:6/26/2007
Repeal the prior repeal contained in 2006, Ky. Acts ch. 149, sec. 239, which was to have been effective 1/1/2008, 2007, Ky. Acts ch. 137, sec. 180, effective6/26/2007. -- Repealed 2006, Ky. Acts ch. 149, sec. 239, effective 1/1/2008. -- Created 1988 Ky. Acts ch. 284, sec. 50, effective 7/15/1988.