§ 61-2-107. Business Permitted
A limited partnership may carry on any business that a partnership without limited partners may carry on, unless otherwise prohibited by law.
§ 61-2-108. Rights and Obligations of Partner
Except as provided in the partnership agreement, a partner may lend money to, borrow money from, act as a surety, guarantor or endorser for, guarantee or assume one (1) or more specific obligations of, provide collateral for, and transact other business with the limited partnership and, subject to other applicable law, has the same rights […]
§ 61-2-109. Indemnification of Partner — Advancement of Expenses
Subject to such standards and restrictions, if any, as are set forth in its partnership agreement, a limited partnership may, and shall have the power to, indemnify and hold harmless any partner or other person from and against any and all claims and demands whatsoever if: He conducted himself in good faith; He reasonably believed: […]
§ 61-2-201. Execution and Filing of Certificate of Limited Partnership
In order to form a limited partnership, one (1) or more persons, but not less than all of the general partners, must execute a certificate of limited partnership. A certificate of limited partnership must be filed with the secretary of state, in the manner and form prescribed by the secretary of state, and set forth: […]
§ 61-1-1005. Professional Registered Limited Liability Partnerships
Notwithstanding any other law, a partnership engaged in the rendering of professional services may register as a registered limited liability partnership subject to the laws and regulations governing the provision of professional services by partnerships and such other terms and conditions imposed by its governing professional licensing authority. Nothing in this section shall affect the […]
§ 61-1-1006. Certificate of Existence
Any person may apply to the secretary of state to furnish a certificate of existence for a domestic registered limited liability partnership or a certificate of registration for a foreign registered limited liability partnership registered to transact business in this state. A certificate of existence or registration sets forth: The domestic registered limited liability partnership’s […]
§ 61-1-1201. Uniformity of Application and Construction
This chapter shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this chapter among states enacting it.
§ 61-1-1202. Short Title
This chapter may be cited as the “Uniform Partnership Act.”
§ 61-1-1203. Severability Clause
If any provision of this chapter or its application to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of this chapter which can be given effect without the invalid provision or application, and to this end the provisions of this chapter are severable.
§ 61-1-1204. Effective Date
This chapter takes effect on January 1, 2002, the public welfare requiring it.