Maine Revised Statutes

§1422. Derivative action

A partner may maintain a derivative action to enforce a right of a limited partnership if: [2005, c. 543, Pt. C, §2 (NEW).]

1. Demand for limited partnership to enforce.  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
[ 2005, c. 543, Pt. C, §2 (NEW) .]
2. Demand futile.  A demand would be futile.
[ 2005, c. 543, Pt. C, §2 (NEW) .]
SECTION HISTORY
2005, c. 543, §C2 (NEW).