Public-domain · open source
OpenJurist

NRS 87A.665

Derivative action

Known as the Uniform Limited Partnership Act

The act spans §§ 87–87 (147 sections).

(Added to NRS by 2007, 481)

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