Miss. Code § 79-14-903

Current through the 2024 Regular Session

Section 79-14-903 - Proper plaintiff

A derivative action to enforce a right of a limited partnership may be maintained only by a person that is a partner at the time the action is commenced and:

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

(2) Whose status as a partner devolved on 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.

Miss. Code § 79-14-903

Added by Laws, 2015, ch. 453, SB 2310, 1, eff. 7/1/2015.