Public-domain · open source
OpenJurist

Haw. Rev. Stat. § 425E-1002

Derivative action

Known as the Uniform Limited Partnership Act

The act spans §§ 425E-1001–425E-908 (110 sections).

L 2003, c 210, pt of §1

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