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§ 500-1002A. Derivative action

Oklahoma Statutes AnnotatedTitle 54. Partnership

Oklahoma Statutes Annotated
Title 54. Partnership
Chapter 9. Uniform Limited Partnership Act of 2010 (Refs & Annos)
Article 10. Actions by Partners
54 Okl.St.Ann. § 500-1002A
§ 500-1002A. Derivative action
Currentness
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.

Credits

Laws 2010, c. 384, § 84, eff. Jan. 1, 2011.
54 Okl. St. Ann. § 500-1002A, OK ST T. 54 § 500-1002A
Current with emergency effective legislation through Chapter 295 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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