(1) A limited partner does not have the right or the power as a limited partner to act for or bind the limited partnership.
(2) The limited partners have only those approval rights as are described in s. 620.1406.
Fla. Stat. § 620.1302
No right or power as limited partner to bind limited partnership; certain approval rights
Known as the Florida Revised Uniform Limited Partnership Act
The act spans §§ 620–620 (121 sections).
Applied in 1 court decision — leading case WLAE, LLC v. Edwards (2017)
Most recently applied in WLAE, LLC v. Edwards (December 2017)
History.--s. 17, ch. 2005-267.
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.