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.
A.R.S. § 29-356
Right of action
Applied in 2 court decisions — leading case Simms v. Rayes (2014)
Most recently applied in J. Ball Trust v. Phx Orchard (October 2018)
Official source: Arizona State Legislature. Reproduced from public-domain Arizona statutes; confirm against the official source for the current text. Not legal advice.