Utah Code § 48-2e-1002

Current through the 2024 Fourth Special Session

Section 48-2e-1002 - Derivative action

A partner may maintain a derivative action to enforce a right of a limited partnership if:

(1) the partner first makes a demand on the general partners, requesting that they cause the limited partnership to bring an action to enforce the right, and the general partners do not bring the action within a reasonable time; or

(2) a demand under Subsection (1) would be futile.

Utah Code § 48-2e-1002

Added by Chapter 412, 2013 General Session ,§ 235, eff. 1/1/2014.