179.92 Proper plaintiff. In a derivative action, the plaintiff must be a partner at the time of bringing the action and must satisfy any of the following conditions:
(1) Have been a partner at the time of the transaction which is the subject of the complaint.
(2) Derive his or her status as a partner 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.
History: 1983 a. 173; 1989 a. 232.