Legislation

Search OpenLegislation Statutes

This entry was published on 2014-09-22
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
SECTION 101
One person both general and limited partner
Partnership (PTR) CHAPTER 39, ARTICLE 8
§ 101. One person both general and limited partner. (1) A person may
be a general partner and a limited partner in the same partnership at
the same time.

(2) A person who is a general, and also at the same time a limited
partner, shall have all the rights and powers and be subject to all the
restrictions of a general partner; except that, in respect to his
contributions, he shall have the rights against the other members which
he would have had if he were not also a general partner.