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. § 3492)
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§ 3492. 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.)