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Section 61-3-903 - Proper plaintiff — Tennessee Law | CourtGPT
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  7. Section 61-3-903 - Proper plaintiff
Tennessee Legal Code

Section 61-3-903 - Proper plaintiff

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A derivative action to enforce a right of a limited partnership may be maintained only by a person that:(1) Is a partner at the time the action is commenced; and(2) Either: (A) Was a partner when the conduct giving rise to the action occurred; or(B) Whose status as a partner devolved on the person by operation of law or pursuant to the terms of the partnership agreement from a person that was a partner at the time of the conduct.Added by 2017 Tenn. Acts, ch. 440,s 1, eff. 1/1/2018.