Maine Revised Statutes

§1423. Proper plaintiff

A derivative action may be maintained only by a person that is a partner at the time the action is commenced and: [2005, c. 543, Pt. C, §2 (NEW).]

1. Partner when conduct occurred.  That was a partner when the conduct giving rise to the action occurred; or
[ 2005, c. 543, Pt. C, §2 (NEW) .]
2. Partner status.  Whose status as a partner devolved upon 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.
[ 2005, c. 543, Pt. C, §2 (NEW) .]
SECTION HISTORY
2005, c. 543, §C2 (NEW).