In a derivative action, the complaint must state with particularity:
(1) the date and content of plaintiff’s demand and the general partners’ response to the demand; or
(2) why demand is excused as futile.
Cal. Corp. Code § 15910.04
Actions by Partners
Known as the Uniform Limited Partnership Act
The act spans §§ 15900–15912 (125 sections).
Applied in 1 court decision — leading case Azure Dolphin, LLC v. Barton (2018)
Most recently applied in Azure Dolphin, LLC v. Barton (December 2018)
Added by Stats. 2006, Ch. 495, Sec. 20
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.