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4-47-1003. Proper plaintiff.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-47-1003. 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.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-47-1003
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:4-47-1003
Source file: gov.ar.code.title.04.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 74a93f33565889474c8675bcb6e3e05a424c80806d33a12b1970586f4dd234ab
Source location: content.xml paragraph 28259
Stored source content
4-47-1003. 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.
Cross-references
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