A general partner of a limited partnership may make contributions to the partnership and share in the profits and losses of, and in distributions from, the limited partnership as a general partner. A general partner also may make contributions to and share in profits, losses, and distributions as a limited partner. A person who is both a general partner and a limited partner has the rights and powers, and is subject to the restrictions and liabilities, of a general partner and, except as provided in the partnership agreement, also has the powers, and is subject to the restrictions, of a limited partner to the extent of his participation in the partnership as a limited partner.
Mo. Rev. Stat. § 359.261
Contributions of a general partner — one person both a general and limited..
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)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.