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Section 61-3-902 - Derivative action — Tennessee Law | CourtGPT
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  7. Section 61-3-902 - Derivative action
Tennessee Legal Code

Section 61-3-902 - 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 the general partners 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 under subdivision (1) would be futile.Added by 2017 Tenn. Acts, ch. 440,s 1, eff. 1/1/2018.