ARTICLE 3. Limited Partners [15903.01. - 15903.07.]

Article 3 added by Stats. 2006, Ch. 495, Sec. 20.

§§ 15903.01–15903.07 · 7 sections

• § 15903.01 A person becomes a limited partner: (a) as provided in the partnership agreement; (b) as the result of a conversion or merger under Article 11 (commencing with…
• § 15903.02 A limited partner does not have the right or the power as a limited partner to act for or bind the limited partnership.
• § 15903.03 (a) A limited partner is not liable for any obligation of a limited partnership unless named as a general partner in the certificate or, in addition to…
• § 15903.04 (a) On 10 days’ demand, made in a record received by the limited partnership, a limited partner may inspect and copy any information required to be maintained…
• § 15903.05 (a) A limited partner does not have any fiduciary duty to the limited partnership or to any other partner solely by reason of being a limited partner. (b) A…
• § 15903.06 (a) Except as otherwise provided in subdivision (b), a person that makes an investment in a business enterprise and erroneously but in good faith believes that…
• § 15903.07 (a) The partnership agreement may provide for the creation of classes of limited partners. The partnership agreement shall define the rights, powers, and…