Minn. Stat. § 322.12

Current through Register Vol. 49, No. 8, August 19, 2024
Section 322.12 - ONE PERSON BOTH GENERAL AND LIMITED PARTNER

A person may be a general and a limited partner in the same partnership at the same time.

A person who is a general, and also at the same time a limited, partner shall have all the rights and powers and be subject to all the restrictions of a general partner; except that, in respect to contribution, the person shall have the rights against the other members as if the person were not also a general partner.

Minn. Stat. § 322.12

(7364) 1919 c 498 s 12; 1986 c 444