1.26 Ark. Code R. 51-102(4)
Current through Register Vol. 49, No. 10, October, 2024
A limited partnership is a partnership with two classes of partners: general partners, who may participate in the management of the partnership's business and who have unlimited liability for the partnership's obligations; and limited partners, who may not participate in management, and whose liability is limited to the amount of their capital contribution.
1.26 Ark. Code R. 51-102(4)