California Corporations Code ARTICLE 3 - Limited Partners

  • Section 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 Section 15911.01);...
  • Section 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.(Added by Stats....
  • Section 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...
  • Section 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...
  • Section 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...
  • Section 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...
  • Section 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 duties of those...

Last modified: October 22, 2018