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N.D. Cent. Code § 45-10.2-15

(113) Dual capacity

Known as the North Dakota Uniform Limited Partnership Act

The act spans §§ 45–45 (119 sections).

A person may be both a general partner and a limited partner.

1. A person that is both a general and limited partner has the rights, powers, duties, and obligations provided by this chapter and the partnership agreement in each of those capacities.

2. When the person acts as a general partner, the person is subject to the obligations, duties, and restrictions under this chapter and the partnership agreement for general partners.

3. When the person acts as a limited partner, the person is subject to the obligations, duties, and restrictions under this chapter and the partnership agreement for limited partners.

Official source: North Dakota Legislative Branch. Reproduced from public-domain North Dakota statutes; confirm against the official source for the current text. Not legal advice.