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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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CORPORATIONS AND ASSOCIATIONS |
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TITLE 10. LIMITED PARTNERSHIP ACT |
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SUBTITLE 10. DERIVATIVE ACTIONS |
§ 10-1002. Proper plaintiff
Latest version.
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In a derivative action, the plaintiff must be a partner at the time of bringing the action and:
(1) Have been a partner at the time of the transaction of which he complains; or
(2) Have had his status as a partner devolve on him by operation of law from a person who was a partner at the time of the transaction.