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
- 805 ILCS 215/0.01Short title
- 805 ILCS 215/101Short title
- 805 ILCS 215/102Definitions
- 805 ILCS 215/103Knowledge and notice
- 805 ILCS 215/104Nature, purpose, and duration of entity
- 805 ILCS 215/105Powers
- 805 ILCS 215/106Governing law
- 805 ILCS 215/107Supplemental principles of law; rate of interest
- 805 ILCS 215/108Name
- 805 ILCS 215/108.5Assumed name
- 805 ILCS 215/109Reservation of name
- 805 ILCS 215/110Effect of partnership agreement; nonwaivable provisions
- 805 ILCS 215/111Required information
- 805 ILCS 215/112Business transactions of partner with partnership
- 805 ILCS 215/113Dual capacity
- 805 ILCS 215/114Office and agent for service of process
- 805 ILCS 215/115Change of designated office or agent for service of process
- 805 ILCS 215/116Resignation of agent for service of process
- 805 ILCS 215/117Service of process
- 805 ILCS 215/118Consent and proxies of parties
- 805 ILCS 215/119Locale misrepresentation
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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