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Minnesota Statutes Business, Social, and Charitable Organizations (Ch. 300-323A) § 321.1003. Proper plaintiff

Current as of January 01, 2023 | Updated by FindLaw Staff

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.

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Cite this article: FindLaw.com - Minnesota Statutes Business, Social, and Charitable Organizations (Ch. 300-323A) § 321.1003. Proper plaintiff - last updated January 01, 2023 | https://codes.findlaw.com/mn/business-social-and-charitable-organizations-ch-300-323a/mn-st-sect-321-1003/

Read this complete Minnesota Statutes Business, Social, and Charitable Organizations (Ch. 300-323A) § 321.1003. Proper plaintiff on Westlaw. Westlaw subscription required.

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