A limited partner or, when authorized by section 1782.57 of the Revised Code, a former limited partner may bring an action on behalf 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.
Ohio Rev. Code Ann. § 1782.56
Derivative action by limited partner
Applied in 1 court decision — leading case Gilcrest v. Gilcrest (2022)
Most recently applied in Gilcrest v. Gilcrest (October 2022)
Effective: June 11, 1992; Latest Legislation: Senate Bill 140 - 119th General Assembly
Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.