§ 48-2a-404. Contributions by general partners.

Latest version.

A general partner of a limited partnership may make contributions to the partnership and share in the profits and losses of, and in distributions from, the limited partnership as a general partner. A general partner also may make contributions to and share in profits, losses, and distributions as a limited partner. A person who is both a general partner and a limited partner has the rights and powers, and is subject to the restrictions and liabilities, of a general partner and, except as provided in the partnership agreement, also has the rights and powers, and is subject to the restrictions and liabilities, of a limited partner to the extent of his participation in the partnership as a limited partner.

Amended by Chapter 189, 1991 General Session

                    
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