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Section 4-47-1002 - Derivative action — Arkansas Law | CourtGPT
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  2. Laws/
  3. Arkansas/
  4. Title 4 - Business and Commercial Law (§§ 4-1-101 — 4-119-105)/
  5. Subtitle 4 - Partnerships/
  6. Chapter 47 - Uniform Limited Partnership Act (2001)sub/
  7. Subchapter 10 - Actions by Partners/
  8. Section 4-47-1002 - Derivative action
Arkansas Legal Code

Section 4-47-1002 - Derivative action

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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.Acts 2007, No. 15, § 1.