Minn. Stat. § 321.0113

Current through Register Vol. 49, No. 8, August 19, 2024
Section 321.0113 - DUAL CAPACITY

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

Minn. Stat. § 321.0113

2004 c 199 art 1 s 13