Montana Code 35-12-1402. Proper plaintiff
Current as of: 2023 | Check for updates
|
Other versions
35-12-1402. Proper plaintiff. A derivative action may be maintained only by a person that is a partner at the time the action is commenced and:
Terms Used In Montana Code 35-12-1402
- 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.
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
- Plaintiff: The person who files the complaint in a civil lawsuit.
(1)that was a partner when the conduct giving rise to the action occurred; or
(2)whose status as a partner devolved by operation of law or pursuant to the terms of the partnership agreement from a person that was a partner at the time of the conduct.