A person may be both a general partner and a limited partner. A person that is both a general and limited partner has the rights, powers, duties, and obligations provided by this chapter and the partnership agreement in each of those capacities. When the person acts as a general partner, the person is subject to the obligations, duties and restrictions under this chapter and the partnership agreement for general partners. When the person acts as a limited partner, the person is subject to the obligations, duties and restrictions under this chapter and the partnership agreement for limited partners.
Section: Previous 4-47-103 4-47-104 4-47-105 4-47-106 4-47-107 4-47-108 4-47-109 4-47-110 4-47-111 4-47-112 4-47-113 4-47-114 4-47-115 4-47-118 NextLast modified: November 15, 2016