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§ 23-16-11-2 — Indiana Law | CourtGPT
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  3. Indiana/
  4. Title 23 - Business and Other Associations/
  5. Article 16 - Limited Partnerships/
  6. Chapter 11 - Derivative Actions23-16-11-1. Right of Action/
  7. § 23-16-11-2
Indiana Legal Code

§ 23-16-11-2

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