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.
ORS 70.400
Known as the Uniform Limited Partnership Act
The act spans §§ 70–70 (90 sections).
Applied in 1 court decision — leading case Hawkins v. 1000 Ltd. Partnership (2016)
Most recently applied in Hawkins v. 1000 Ltd. Partnership (December 2016)
1985 c.677 §57
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.