Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 29. Partnership |
Chapter 3. LIMITED PARTNERSHIPS |
Article 10. Derivative Actions |
Sec 29-357. Proper plaintiff
Latest version.
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In a derivative action, the plaintiff shall be a partner at the time of bringing the action and:
1. Shall have been a partner at the time of the transaction of which he complains; or
2. His status as a partner shall have devolved upon him by operation of law or pursuant to the terms of the partnership agreement from a person who was a partner at the time of the transaction.