Mo. Rev. Stat. § 359.251

Current with changes from the 2023 Legislative Session

Section 359.251 - Rights and liabilities of a general partner

1. Except as provided in this chapter or in the partnership agreement, a general partner of a limited partnership has the rights and powers and is subject to the restrictions of a partner in a partnership without limited partners.

2. Except as provided in this chapter, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to persons other than the partnership and the other partners. Except as provided in this chapter or in the partnership agreement, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to the partnership and to the other partners.

§ 359.251, RSMo

L. 1985 H.B. 512 & 650
Effective 1/1/1987