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Delaware Revised Uniform Limited Partnership Act

Delaware · Commerce and Trade · §§ 6-17-1001 to 6-17-912 · 111 sections

Overview

This act supplies the statutory framework for limited partnerships, covering how one is formed by filing a certificate with the state filing office, how it is named and kept in good standing through required records, annual reports, and a registered agent and office, and how it is dissolved and terminated. It defines two classes of partners: general partners, who act as agents of the partnership and bear responsibility for its obligations, and limited partners, who have no power to bind the partnership and are not personally liable for its debts, but who hold information rights and certain approval rights. It also makes the partnership agreement the primary source of internal governance, subject to provisions that cannot be waived, and addresses service of process, liability for false information in filed records, and actions brought by and against the partnership and its partners.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

Sections covered

Enacted in other states

Florida, Kentucky, Maryland, Missouri, North Carolina, Virginia

All Delaware named statutes →

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