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Minn. Stat. § 321.1003

PROPER PLAINTIFF.

Known as the Uniform Limited Partnership Act

The act spans §§ 321–321 (112 sections).

2004 c 199 art 10 s 84

A derivative action may be maintained only by a person that is a partner at the time the action is commenced and:

(1) that was a partner when the conduct giving rise to the action occurred; or

(2) whose status as a partner devolved upon the person by operation of law or pursuant to the terms of the partnership agreement from a person that was a partner at the time of the conduct.

Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.