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.
805 ILCS 215/105
Powers
Known as the Uniform Limited Partnership Act
The act spans §§ 805-215-0-01 to 805-215-119 (21 sections).
P.A. 93-967, eff. 1-1-05.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.