Chapter 7. Limited Partnerships.


Subchapter I. General Provisions. Back to Top
§ 29-701.01. Short title.
§ 29-701.02. Definitions.
§ 29-701.03. Knowledge and notice.
§ 29-701.04. Nature, purpose, and duration of entity.
§ 29-701.05. Powers.
§ 29-701.06. Governing law.
§ 29-701.07. Effect of partnership agreement; nonwaivable provisions.
§ 29-701.08. Required information.
§ 29-701.09. Business transactions of partner with partnership.
§ 29-701.10. Dual capacity.
§ 29-701.11. Consent and proxies of partners.
Subchapter II. Formation; Certificate of Limited Partnership and Other Filings. Back to Top
§ 29-702.01. Formation of limited partnership; certificate of limited partnership.
§ 29-702.02. Amendment or restatement of certificate.
§ 29-702.03. Statement of termination.
§ 29-702.04. Signing of records.
§ 29-702.05. Signing and filing pursuant to judicial order.
§ 29-702.06. Liability for false information in filed record.
Subchapter III. Limited Partners. Back to Top
§ 29-703.01. Becoming limited partner.
§ 29-703.02. No right or power as limited partner to bind limited partnership.
§ 29-703.03. No liability as limited partner for limited partnership obligations.
§ 29-703.04. Right of limited partner and former limited partner to information.
§ 29-703.05. Limited duties of limited partners.
§ 29-703.06. Person erroneously believing self to be limited partner.
Subchapter IV. General Partners. Back to Top
§ 29-704.01. Becoming general partner.
§ 29-704.02. General partner agent of limited partnership.
§ 29-704.03. Limited partnership liable for general partner's actionable conduct.
§ 29-704.04. General partner's liability.
§ 29-704.05. Actions by and against partnership and partners.
§ 29-704.06. Management rights of general partner.
§ 29-704.07. Right of general partner and former general partner to information.
§ 29-704.08. General standards of general partner's conduct.
Subchapter V. Contributions and Distributions. Back to Top
§ 29-705.01. Form of contribution.
§ 29-705.02. Liability for contribution.
§ 29-705.03. Sharing of distributions.
§ 29-705.04. Interim distributions.
§ 29-705.05. No distribution on account of dissociation.
§ 29-705.06. Distribution in kind.
§ 29-705.07. Right to distribution.
§ 29-705.08. Limitations on distribution.
§ 29-705.09. Liability for improper distributions.
Subchapter VI. Dissociation. Back to Top
§ 29-706.01. Dissociation as limited partner.
§ 29-706.02. Effect of dissociation as limited partner.
§ 29-706.03. Dissociation as general partner.
§ 29-706.04. Person's power to dissociate as general partner; wrongful dissociation.
§ 29-706.05. Effect of dissociation as general partner.
§ 29-706.06. Power to bind and liability to limited partnership before dissolution of partnership of person dissociated as general partner.
§ 29-706.07. Liability to other persons of person dissociated as general partner.
Subchapter VII. Transferable Interests and Rights of Transferees and Creditors. Back to Top
§ 29-707.01. Partner's transferable interest.
§ 29-707.02. Transfer of partner's transferable interest.
§ 29-707.03. Rights of creditor of partner or transferee.
§ 29-707.04. Power of estate of deceased partner.
Subchapter VIII. Dissolution. Back to Top
§ 29-708.01. Nonjudicial dissolution.
§ 29-708.02. Judicial dissolution.
§ 29-708.03. Winding up.
§ 29-708.04. Power of general partner and person dissociated as general partner to bind partnership after dissolution.
§ 29-708.05. Liability after dissolution of general partner and person dissociated as general partner to limited partnership, other general partners, and persons dissociated as general partner.
§ 29-708.06. Known claims against dissolved limited partnership.
§ 29-708.07. Other claims against dissolved limited partnership.
§ 29-708.08. Liability of general partner and person dissociated as general partner when claim against limited partnership barred.
§ 29-708.09. Disposition of assets; when contributions required.
Subchapter IX. Actions by Partners. Back to Top
§ 29-709.01. Direct action by partner.
§ 29-709.02. Derivative action.
§ 29-709.03. Proper plaintiff.
§ 29-709.04. Pleading.
§ 29-709.05. Proceeds and expenses.
Subchapter X. Merger. Back to Top
§ 29-710.01. Definitions.
§ 29-710.02. Merger.
§ 29-710.03. Action on plan of merger by constituent limited partnership.
§ 29-710.04. Filings required for merger; effective date.
§ 29-710.05. Effect of merger.
§ 29-710.06. Restrictions on approval of mergers and on relinquishing limited liability limited partnership status.
§ 29-710.07. Liability of general partner after merger.
§ 29-710.08. Power of general partners and persons dissociated as general partners to bind limited partnership after merger.
Subchapter XI. Transition Provisions. Back to Top
§ 29-711.01. Application to existing relationships.

Refs & Annos

Jurisdiction
Laws
Effective Date
Statutory Citation
Alabama
2009, 2009-621
1-1-2010
Code 1975, §§ 10A-9-1.01 to 10A-9-12.08.
Arkansas
2007, No. 15
9-1-2007
A.C.A. §§ 4-47-101 to 4-47-1302.
California [FN4]
2006, c. 495
1-1-2008
West"s Ann. Cal. Corp. Code §§ 15900 to 15912.07.
District of Columbia
2011, 18-378
7-2-2011
DC Code §§ 29.701.01 to 29.711.01.
Florida
2005, c. 2005-267
1-1-2006
West"s F.S.A. §§ 620.1101 to 620.2205.
Hawaii
2003, c. 210
7-1-2004
H.R.S. §§ 425E-101 to 425E-1206.
Idaho
2006, c. 144
7-1-2006
I.C. §§ 53-2-101 to 53-2-1205.
Illinois
2004, c. 93-967
1-1-2005
S.H.A. 805 ILCS 215/0.01 to 215/1402.
Iowa
2004, c. 1021
1-1-2005
I.C.A. §§ 488.101 to 488.1207.
Kentucky [FN2]
2006, c. 149
7-12-2006
KRS 362.2-102 to 362.2-1207.
Maine [FN3]
2006, c. 543
7-1-2007
31 M.R.S.A. §§ 1301 to 1461.
Minnesota [FN1]
2004, c. 199
5-15-2004 [FN*]
M.S.A. §§ 321.0101 to 321.1208.
Montana
2011, c. 216
10-1-2011
MCA §§ 35-12-501 to 35-12-1522.
Nevada
2007, c. 146
5-29-2007 [FN*]
N.R.S. 87A.010 to 87A.700.
New Mexico
2007, c. 129
1-1-2008
NMSA 1978, §§ 54-2A-101 to 54-2A-1206.
North Dakota
2005, c. 384
7-1-2005
NDCC 45-10.2-01 to 45-10.2-117.
Oklahoma
2010, c. 384
1-1-2011
54 Okl.Stat.Ann. §§ 500-101A to 500-1207A.
Utah
2011, c. 353
7-1-2012
UCA §§ 48-2d-101 to 48-2d-1205.
Washington
2009, c. 188
1-1-2010
West"s RCWA 25.10.006 to 25.10.926.
[FN*] Approval date.
[FN1] Enacted the Uniform Limited Partnership Act (2001), and repeals the Revised Limited Partnership Act (1976) effective January 1, 2007 without repealing the 1916 Limited Partnership Act.
[FN2] Enacted the Uniform Limited Partnership Act (2001), and withdrew a prospective repeal of the Revised Limited Partnership Act (1976).
[FN3] Enacts the Uniform Limited Partnership Act (2001), and repeals the Revised Limited Partnership Act (1976) effective July 1, 2007.
[FN4] Enacts the Uniform Limited Partnership Act (2001) operative January 1, 2008, and repeals the Revised Limited Partnership Act (1976) effective January 1, 2010.