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Fla. Stat. § 620.2002

Derivative action

Known as the Florida Revised Uniform Limited Partnership Act

The act spans §§ 620.1101 to 620.2205 (121 sections).

History.--s. 17, ch. 2005-267.

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 they 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 would be futile.

Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.