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AS 32.11.490

Derivative action authorized

Known as the Alaska Revised Limited Partnership Act

The act spans §§ 32–32 (65 sections).

A limited partner may bring an action in the right of a limited partnership to recover a judgment in its favor if general partners with authority to do so have refused to bring the action or if an effort to cause those general partners to bring the action is not likely to succeed.

Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.