Public-domain · open source

ORS 70.185

Known as the Uniform Limited Partnership Act

The act spans §§ 70–70 (90 sections).

Applied in 2 court decisions — leading case 186 F. Supp. 2d 1123 - Gregg v. United States (2000)

Most recently applied in Law ex rel. Robert M. Law Profit Sharing Plan v. Zemp (May 2016)

1985 c.677 §25

(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.

(3) 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: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.