Utah Code § 48-2e-1003

Current through the 2024 Fourth Special Session
Section 48-2e-1003 - 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) which 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.

Utah Code § 48-2e-1003

Added by Chapter 412, 2013 General Session ,§ 236, eff. 1/1/2014.