Minn. Stat. § 322.24

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

Section 322.24 - WHEN CERTIFICATE SHALL BE CANCELED OR AMENDED

The certificate shall be canceled when the partnership is dissolved or all limited partners cease to be such.

A certificate shall be amended when:

(1) there is a change in the name of the partnership or in the amount or character of the contribution of any limited partner;

(2) a person is substituted as a limited partner;

(3) an additional limited partner is admitted;

(4) a person is admitted as a general partner;

(5) a general partner retires, dies, or is adjudicated as a person who lacks mental capacity, and the business is continued under section 322.20;

(6) there is a change in the character of the business of the partnership;

(7) there is a false or erroneous statement in the certificate;

(8) there is a change in the time as stated in the certificate for the dissolution of the partnership or for the return of the contribution;

(9) a time is fixed for the dissolution of the partnership, or the return of a contribution, no time having been specified in the certificate; or

(10) the members desire to make a change in any other statement in the certificate in order that it shall accurately represent the agreement between them.

Minn. Stat. § 322.24

(7376) 1919 c 498 s 24; 2013 c 59 art 3 s 5

Amended by 2013 Minn. Laws, ch. 59,s 3-5, eff. 8/1/2013.