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4-47-1002. Derivative action.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-47-1002. Derivative action.
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.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-47-1002
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:4-47-1002
Source file: gov.ar.code.title.04.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 9ae6c644e514751e674b024a4bec8cc69a1497cda1a4bd712a69317140cf0cf8
Source location: content.xml paragraph 28252
Stored source content
4-47-1002. Derivative action.
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.
Cross-references
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