Del. Code tit. 6 § 17-404

Current through 2024 Legislative Session Act Chapter 510

Section 17-404 - 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 rights and 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.

6 Del. C. § 17-404

63 Del. Laws, c. 420, §1; 65 Del. Laws, c. 188, §1; 70 Del. Laws, c. 186, § 1.;