Ind. Code § 23-16-11-2

Current through P.L. 171-2024

Section 23-16-11-2 - Proper plaintiff

In a derivative action under this chapter, the plaintiff must be a partner at the time of bringing the action, and:

(1) the plaintiff must have been a partner at the time of the transaction of which the plaintiff complains in the action; or

(2) the status of the plaintiff as a partner must have devolved upon the plaintiff, by operation of law or under the terms of the partnership agreement, from a person who was a partner at the time of the transaction.

IC 23-16-11-2

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