Minn. Stat. § 322.10

Current through Register Vol. 49, No. 8, August 19, 2024

Section 322.10 - RIGHTS OF A LIMITED PARTNER

A limited partner shall have the same rights as a general partner to

(1) have the partnership books kept at the principal place of business of the partnership, and at all times to inspect and copy any of them;

(2) have on demand full and true information of all things affecting the partnership, and a formal account of the partnership affairs whenever circumstances render it just and reasonable; and

(3) have a dissolution and winding up by decree of court.

A limited partner shall have the right to receive a share of the profits or other compensation by way of income, and to the return of that partner's contribution as provided in sections 322.15 and 322.16.

Minn. Stat. § 322.10

(7362) 1919 c 498 s 10; 1986 c 444