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Fla. Stat. § 620.1402

General partner agent of limited partnership

Known as the Florida Revised Uniform Limited Partnership Act

The act spans §§ 620.1101 to 620.2205 (121 sections).

Applied in 1 court decision — leading case 693 F. Supp. 2d 1325 - Degirmenci v. Sapphire-Fort Lauderdale, Lllp (2010)

Most recently applied in 693 F. Supp. 2d 1325 - Degirmenci v. Sapphire-Fort Lauderdale, Lllp (April 2010)

History.--s. 17, ch. 2005-267.

(1) Each general partner is an agent of the limited partnership for the purposes of its activities. An act of a general partner, including the signing of a record in the partnership’s name, for apparently carrying on in the ordinary course the limited partnership’s activities or activities of the kind carried on by the limited partnership binds the limited partnership, unless the general partner did not have authority to act for the limited partnership in the particular matter and the person with which the general partner was dealing knew, had received a notification, or had notice under s. 620.1103(4) that the general partner lacked authority.

(2) An act of a general partner which is not apparently for carrying on in the ordinary course the limited partnership’s activities or activities of the kind carried on by the limited partnership binds the limited partnership only if the act was approved by the other partners as provided in s. 620.1406.

Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.