Public-domain · open source

Mo. Rev. Stat. § 359.251

Rights and liabilities of a general partner

Known as the Missouri Revised Uniform Limited Partnership Act

The act spans §§ 359–359 (71 sections).

Effective: 01 Jan 1987, see footnote; (L. 1985 H.B. 512 & 650)

1. Except as provided in this chapter or in the partnership agreement, a general partner of a limited partnership has the rights and powers and is subject to the restrictions of a partner in a partnership without limited partners.

2. Except as provided in this chapter, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to persons other than the partnership and the other partners. Except as provided in this chapter or in the partnership agreement, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to the partnership and to the other partners.

Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.