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New York Business Divorce

Commentary on Dissolution and Other Disputes Among Co-Owners of Closely Held Business Entities

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Death of Limited Partner Disarms Derivative Action

Photo of Peter Mahler
By Peter Mahler on February 10, 2020
Posted in Derivative Actions, Partnerships, Standing

This week’s New York Business Divorce features an interesting decision holding that personal representatives of an estate lack standing to maintain a derivative action on behalf of a limited partnership, commenced by the decedent while alive. …
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