The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
010
:
DERIVATIVE ACTIONS
(Cite as: 11 V.S.A. § 3491)
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§ 3491. Right of action
A limited partner may bring an action in the right of a limited partnership to recover
a judgment in its favor if general partners with authority to do so have refused to
bring the action or if an effort to cause those general partners to bring the action
is not likely to succeed. (Added 1997, No. 149 (Adj. Sess.), § 4, eff. Jan. 1, 1999.)