ARTICLE 4. General Partners [15904.01. - 15904.09.]

Article 4 added by Stats. 2006, Ch. 495, Sec. 20.

§§ 15904.01–15904.09 · 9 sections

• § 15904.01 A person becomes a general partner: (a) as provided in the partnership agreement: (b) under paragraph (2) of subdivision (c) of Section 15908.01 following the…
• § 15904.02 (a) Each general partner is an agent of the limited partnership for the purposes of its activities. An act of a general partner, including the signing of a…
• § 15904.03 (a) A limited partnership is liable for loss or injury caused to a person, or for a penalty incurred, as a result of a wrongful act or omission, or other…
• § 15904.04 (a) Except as otherwise provided in subdivision (b), all general partners are liable jointly and severally for all obligations of the limited partnership…
• § 15904.05 (a) To the extent not inconsistent with Section 15904.04, a general partner may be joined in an action against the limited partnership or named in a separate…
• § 15904.06 (a) Each general partner has equal rights in the management and conduct of the limited partnership’s activities. Except as expressly provided in this chapter,…
• § 15904.07 (a) A general partner, without having any particular purpose for seeking the information, may inspect and copy during regular business hours: (1) in the…
• § 15904.08 (a) The fiduciary duties that a general partner owes to the limited partnership and the other partners are the duties of loyalty and care under subdivisions…
• § 15904.09 (a) A partnership agreement may provide for the creation of classes of general partners. The partnership agreement shall define the rights, powers, and duties…