A limited partner may bring an action in the right of a limited partnership to recover a judgment in its favor if general partners with authority to do so have refused to bring the action or if an effort to cause those general partners to bring the action is not likely to succeed.
NRS 88.610
Authority of limited partner to bring action
Known as the Uniform Limited Partnership Act
The act spans §§ 88–88 (109 sections).
Applied in 3 court decisions — leading case 364 Ill. App. 3d 159 - Caparos v. Morton (2006)
Most recently applied in 460 F. Supp. 2d 1222 - G.K. Las Vegas Ltd. Partnership v. Simon Property Group, Inc. (September 2006)
(Added to NRS by 1985, 1293)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.