Nevada Revised Statutes 87A.670 – Proper plaintiff
Current as of: 2023 | Check for updates
|
Other versions
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 Nevada Revised Statutes 87A.670
- 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: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
1. That was a partner when the conduct giving rise to the action occurred; or
2. Whose status as a partner devolved upon the person 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.