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New Jersey Statutes, Title: 42, PARTNERSHIPS AND PARTNERSHIP ASSOCIATIONS
Chapter 2a:
Section: 42:2a-63: Proper plaintiff
Proper plaintiff. In order to bring a derivative action, the limited partner shall be a limited partner at the time of bringing the action and either
a. Have been a limited partner at the time of the transaction of which he complains; or
b. Have had the status as a limited partner 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.
L. 1983, c. 489, s. 62; amended 1988,c.130,s.32.
This section added to the Rutgers Database: 2012-09-26 13:37:53.
Older versions of 42:2a-63 (if available):
Court decisions that cite this statute:
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