Ind. Code § 23-16-11-1

Current through P.L. 171-2024

Section 23-16-11-1 - Right of action

A limited partner may bring an action in the right of a limited partnership to recover a judgment in favor of the limited partnership if:

(1) general partners with authority to bring such an action have refused to bring the action; or

(2) an effort to cause those general partners to bring the action is not likely to succeed.

IC 23-16-11-1

As added by P.L. 147-1988, SEC.1.