Public-domain · open source
OpenJurist

Wis. Stat. § 179.0902

Derivative action

Known as the Wisconsin Uniform Limited Partnership Law

The act spans §§ 179–179 (129 sections).

2021 a. 258.

A partner may maintain a derivative action to enforce a right of a limited partnership if any of the following applies:

(1) The partner first makes a demand on the general partners, requesting that they cause the limited partnership to bring an acUNIFORM LIMITED PARTNERSHIP LAW 179.100225 tion to enforce the right, and the general partners do not bring the action within a reasonable time.

(2) A demand under sub.

(1) would be futile.

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