Idaho Code § 30-24-109

Current through Chapter 330 of the 2024 Regular Legislative Session
Section 30-24-109 - DUAL CAPACITY

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.

Idaho Code § 30-24-109

[30-24-109, added 2015, ch. 243, sec. 33, p. 843.]
Added by 2015 Session Laws, ch. 243,sec. 33, eff. 7/1/2015.