A limited partnership has the powers to do all things necessary or convenient to carry on its activities, including the power to sue, be sued, and defend in its own name and to maintain an action against a partner for harm caused to the limited partnership by a breach of the partnership agreement or violation of a duty to the partnership.
Cal. Corp. Code § 15901.05
General Provisions
Known as the Uniform Limited Partnership Act
The act spans §§ 15900–15912 (125 sections).
Applied in 1 court decision — leading case 118 Fed. Cl. 669 - Anaheim Gardens v. United States (2014)
Most recently applied in 118 Fed. Cl. 669 - Anaheim Gardens v. United States (October 2014)
Added by Stats. 2006, Ch. 495, Sec. 20
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.