Delaware Code

6 Del. C. § 15-405 (2026)

Actions by partnership and partners; derivative actions

✓ current as of May 2026
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(a) A partnership may maintain an action against a partner for a breach of the partnership agreement, or for the violation of a duty to the partnership, causing harm to the partnership.

(b) A partner may maintain an action against the partnership or another partner for legal or equitable relief, with or without an accounting as to partnership business, to:

(1) Enforce the partner’s rights under the partnership agreement;

(2) Enforce the partner’s rights under this chapter, including:

(i) The partner’s rights under § 15-401, § 15-403 or § 15-404 of this title;

(ii) The partner’s right on dissociation to have the partner’s interest in the partnership purchased pursuant to § 15-701 of this title or enforce any other right under subchapter VI or VII of this chapter; or

(iii) The partner’s right to compel a dissolution and winding up of the partnership business under § 15-801 of this title or enforce any other right under subchapter VIII of this chapter; or

(3) Enforce the rights and otherwise protect the interests of the partner, including rights and interests arising independently of the partnership relationship.

(c) The accrual of, and any time limitation on, a right of action for a remedy under this section is governed by other law. A right to an accounting upon a dissolution and winding up does not revive a claim barred by law.

(d) A partner may bring a derivative action in the Court of Chancery in the right of a partnership to recover a judgment in the partnership’s favor.

(e) In a derivative action, the plaintiff must be a partner at the time of bringing the action and:

(1) At the time of the transaction of which the partner complains; or

(2) The partner’s status as a partner had devolved upon the 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.

(f) In a derivative action, the complaint shall set forth with particularity the effort, if any, of the plaintiff to secure initiation of the action by the partnership or the reason for not making the effort.

(g) If a derivative action is successful, in whole or in part, as a result of a judgment, compromise or settlement of any such action, the court may award the plaintiff reasonable expenses, including reasonable attorney’s fees, from any recovery in any such action or from a partnership.

72 Del. Laws, c. 151, §  1
Notes of Decisions
Cited in 3 cases (3 in the last 5 years), 2021–2024 · leading case: Angela Tsionas v. JG, LLC & James Grant (Del. Ch. 2024).
Angela Tsionas v. JG, LLC & James Grant (Del. Ch. 2024). · cites it 2× “In response, Tsionas cites 6 Del. C. § 15-405,3 but fails to specify any contract 3 See 6 Del.”
In re Cellular Tel. (Del. Ch. 2021). “” 6 Del. C. § 15-405(b)(1). For purposes of the plaintiffs’ claim, the Governance Provision intersects with the black-letter principle that “[a]n agent has a duty to take action only within the scope of the agent’s actual authority.”
Mackie Banks v. Theodore Banks & S. Comfort, LLC (Del. Ch. 2022). “§ 15-404 and asserting demand futility under 6 Del. C. § 15-405(f), were unjustly enriched at her expense, and breached the oral partnership agreement.”
— 6 Del. C. § 15-405(b)(1) — 1 case
In re Cellular Tel. (Del. Ch. 2021). “” 6 Del. C. § 15-405(b)(1). For purposes of the plaintiffs’ claim, the Governance Provision intersects with the black-letter principle that “[a]n agent has a duty to take action only within the scope of the agent’s actual authority.”
— 6 Del. C. § 15-405(f) — 1 case
Mackie Banks v. Theodore Banks & S. Comfort, LLC (Del. Ch. 2022). “§ 15-404 and asserting demand futility under 6 Del. C. § 15-405(f), were unjustly enriched at her expense, and breached the oral partnership agreement.”
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