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Idaho Statutes Title 30. Corporations § 30-24-902. Derivative action

Current as of January 01, 2024 | Updated by FindLaw Staff

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 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) of this section would be futile.

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Cite this article: FindLaw.com - Idaho Statutes Title 30. Corporations § 30-24-902. Derivative action - last updated January 01, 2024 | https://codes.findlaw.com/id/title-30-corporations/id-st-sect-30-24-902/

Read this complete Idaho Statutes Title 30. Corporations § 30-24-902. Derivative action on Westlaw. Westlaw subscription required.

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