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Uniform Limited Partnership Act

Illinois · Business Organizations · §§ 805-215-0-01 to 805-215-119 · 21 sections

Overview

This act governs the formation and operation of limited partnerships, providing for their creation through a publicly filed certificate and setting out how that certificate is executed, amended, corrected, restated, or cancelled. It builds the administrative machinery around those filings: rules for the partnership's name and the reservation of names, a required registered office and agent, methods of serving process on the partnership or on the state filing officer, forms and fees, when a filed document takes effect, the officer's power to refuse a filing and the right to appeal that refusal, certificates of existence, the evidentiary weight of official copies, and liability for false statements in a filed document. It also addresses the business a limited partnership may conduct, the rights, obligations, and indemnification of partners, notice and delivery of documents to partners, and suits brought by a partner — including who is a proper plaintiff, what the complaint must contain, and when a court may award expenses.

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

Arkansas, California, Colorado, Connecticut, District of Columbia, Hawaii, Iowa, Idaho, Kentucky, Massachusetts, Minnesota, Minnesota, Montana, North Dakota, Nebraska, New Hampshire, Nevada, Nevada, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, West Virginia, Wyoming

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