Cal. Corp. Code § 15901.13

Current through the 2023 Legislative Session.
Section 15901.13 - Person both general partner and limited partner

A person may be both a general partner and a limited partner. A person that is both a general and limited partner has the rights, powers, duties, and obligations provided by this chapter and the partnership agreement in each of those capacities. When the person acts as a general partner, the person is subject to the obligations, duties and restrictions under this chapter and the partnership agreement for general partners. When the person acts as a limited partner, the person is subject to the obligations, duties and restrictions under this chapter and the partnership agreement for limited partners.

Ca. Corp. Code § 15901.13

Added by Stats 2006 ch 495 (AB 339),s 20, eff. 1/1/2008.