Nevada Revised Statutes 87A.665 – Derivative action
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A partner may maintain a derivative action to enforce a right of a limited partnership if:
Terms Used In Nevada Revised Statutes 87A.665
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
1. The partner first makes a demand on the general partners, requesting that they cause the limited partnership to bring an action to enforce the right, and the general partners do not bring the action within a reasonable time; or
2. A demand would be futile.