§ 25.10.250. Contributions by a general partner
A general partner of a limited partnership may make contributions to the limited partnership and share in the profits and losses of, and in distributions from, the limited partnership as a general partner. A general partner also may make contributions to and share in profits, losses, and distributions as a limited partner. A person who is both a general partner and a limited partner has the rights and powers, and is subject to the restrictions and liabilities, of a general partner and, except as provided in the partnership agreement, also has the powers, and is subject to the restrictions, of a limited partner to the extent of his or her participation in the partnership as a limited partner.
[1987 c 55 § 20; 1981 c 51 § 25.]
Sections: Previous 25.10.180 25.10.190 25.10.200 25.10.210 25.10.220 25.10.230 25.10.240 25.10.250 25.10.260 25.10.270 25.10.280 25.10.290 25.10.300 25.10.310 25.10.320 NextLast modified: April 7, 2009