Illinois Compiled Statutes 805 Business Organizations: Article 3 - Limited Partners

• Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 301
  Becoming limited partner. A person becomes a limited partner: (1) as provided in the partnership agreement; (2) as the result of a conversion or merger...
• Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 302
  No right or power as limited partner to bind limited partnership. A limited partner does not have the right or the power as a limited...
• Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 303
  No liability as limited partner for limited partnership obligation. An obligation of a limited partnership, whether arising in contract, tort, or otherwise, is not the...
• Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 304
  Right of limited partner and former limited partner to information. (a) On 10 days' demand, made in a record received by the limited partnership, a...
• Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 305
  Limited duties of limited partners. (a) A limited partner does not have any fiduciary duty to the limited partnership or to any other partner solely...
• Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 306
  Person erroneously believing self to be limited partner. (a) Except as otherwise provided in subsection (b), a person that makes an investment in a business...

Last modified: February 18, 2015