Current as of April 27, 2021 | Updated by FindLaw Staff
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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 limited 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 would be futile.
Cite this article: FindLaw.com - Montana Title 35. Corporations, Partnerships, and Associations § 35-12-1401. Derivative action - last updated April 27, 2021 | https://codes.findlaw.com/mt/title-35-corporations-partnerships-and-associations/mt-code-ann-sect-35-12-1401.html
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