Illinois Compiled Statutes 805 Business Organizations: Article 4 - General Partners
- Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 401
Becoming general partner. A person becomes a general partner: (1) as provided in the partnership agreement; (2) under Section 801(3)(B) following the dissociation of a...
- Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 402
General partner agent of limited partnership. (a) Each general partner is an agent of the limited partnership for the purposes of its activities. An act...
- Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 403
Limited partnership liable for general partner's actionable conduct. (a) A limited partnership is liable for loss or injury caused to a person, or for a...
- Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 404
General partner's liability. (a) Except as otherwise provided in subsections (b) and (c), all general partners are liable jointly and severally for all obligations of...
- Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 405
Actions by and against partnership and partners. (a) To the extent not inconsistent with Section 404, a general partner may be joined in an action...
- Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 406
Management rights of general partner. (a) Each general partner has equal rights in the management and conduct of the limited partnership's activities. Except as expressly...
- Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 407
Right of general partner and former general partner to information. (a) A general partner, without having any particular purpose for seeking the information, may inspect...
- Illinois Uniform Limited Partnership Act (2001). - 805 ILCS 215, Section 408
General standards of general partner's conduct. (a) The fiduciary duties that a general partner has to the limited partnership and the other partners include the...
Last modified: February 18, 2015