Proper plaintiff
11 V.S.A. § 3492
in effect3492. Proper plaintiff
In a derivative action, the plaintiff must be a partner at the time of bringing the action and must have been a partner at the time of the transaction of which he or she complains or his or her status as a partner must have devolved upon him or her 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.
Added 1997, No. 149 (Adj. Sess.), § 4, eff. Jan. 1, 1999.
Source: Vermont General Assembly (legislature.vermont.gov)URL: https://legislature.vermont.gov/statutes/section/11/023/03492Fetched: 10/21/2026