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Chapter 321
Section 321.1003
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321.1003 PROPER PLAINTIFF.
A derivative action may be maintained only by a person that is a partner at the time the
action is commenced and:
(1) that was a partner when the conduct giving rise to the action occurred; or
(2) 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.
History: 2004 c 199 art 10 s 84
A derivative action may be maintained only by a person that is a partner at the time the
action is commenced and:
(1) that was a partner when the conduct giving rise to the action occurred; or
(2) 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.
History: 2004 c 199 art 10 s 84
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