Miss. Code § 79-14-109

Current through the 2024 Regular Session
Section 79-14-109 - 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.

Miss. Code § 79-14-109

Added by Laws, 2015, ch. 453, SB 2310, 1, eff. 7/1/2015.