362.513 Derivative action: proper plaintiff. 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. Effective: June 26, 2007 History: Repeal the prior repeal contained in 2006 Ky. Acts ch. 149, sec. 239, which was to have been effective January 1, 2008 , 2007 Ky. Acts ch. 137, sec. 180, effective June 26, 2007. -- Repealed 2006 Ky. Acts ch. 149, sec. 239, effective January 1, 2008. -- Created 1988 Ky. Acts ch. 284, sec. 50, effective July 15, 1988.
Kentucky Legal Code