Kentucky Code § KRS 362.513

Derivative action: proper plaintiff
Open in Lexace · Ask the AI about this section
In a derivative action, the plaintiff shall be a partner at the time of bringing the action and either: (1) At the time of the transaction of which he complains; or (2) His status as a partner shall have devolved upon him by operation of law or pursuant to the terms of the partnership agreement from a person who was a partner at the time of the transaction.

‹ Prev All Kentucky sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.