R.I. Gen. Laws § 7-13.1-902

Current through 2024 Public Law 457

Section 7-13.1-902 - 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 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.

R.I. Gen. Laws § 7-13.1-902

P.L. 2022, ch. 121, § 2, effective January 1, 2023; P.L. 2022, ch. 122, § 2, effective January 1, 2023.