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Laws of North Carolina (Last Updated: May 12, 2015) |
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Chapter59. Partnership. |
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Article5. Revised Uniform Limited Partnership Act |
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Part10. Derivative Actions |
§59-1001. Right of action
Latest version.
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A limited partner may bring an action in the right of a limited partnership to recover a judgment in its favor if general partners with authority to do so have refused to bring the action or if an effort to cause those general partners to bring the action is not likely to succeed.
(1985 (Reg. Sess., 1986), c. 989, s. 2.)