California Corporations Code ARTICLE 4 - General Partners

  • Section 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 dissociation of a limited...
  • Section 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...
  • Section 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...
  • Section 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 unless otherwise agreed...
  • Section 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...
  • Section 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, any matter...
  • Section 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 limited partnership’s designated office,...
  • Section 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...
  • Section 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 of...

Last modified: October 22, 2018