Sec. 32.11.850. Nature of business.
A limited partnership may carry on business that a partnership without limited partners may carry on.
Sec. 32.11.440. Name.
A foreign limited partnership may register with the department under any name, whether or not it is the name under which it is registered in its state of organization, that includes without abbreviation the words “limited partnership” and that could be registered by a domestic limited partnership.
Sec. 32.11.860. Business transactions of partner with partnership.
Except as provided in the partnership agreement, a partner may lend money to and transact other business with the limited partnership and, subject to other applicable law, has the same rights and obligations as a person who is not a partner.
Sec. 32.11.450. Correction of statements in registration application.
If a statement in the application for registration of a foreign limited partnership was false when made or arrangements or other facts described have changed, making the application inaccurate, the foreign limited partnership shall promptly file with the department a certificate, signed and sworn to by a general partner, correcting the statement.
Sec. 32.11.460. Cancellation of registration.
A foreign limited partnership may cancel its registration by filing with the department a certificate of cancellation signed and sworn to by a general partner. A cancellation does not terminate the authority of the commissioner to accept service of process on the foreign limited partnership with respect to causes of action arising out of the […]
Sec. 32.11.470. Transaction of business without registration.
(a) A foreign limited partnership transacting business in this state may not maintain an action, suit, or proceeding in a court of this state until it has registered in this state. (b) The failure of a foreign limited partnership to register in this state does not impair the validity of a contract or act of […]
Sec. 32.11.480. Action by department.
The department may bring an action to restrain a foreign limited partnership from transacting business in this state in violation of AS 32.11.410 – 32.11.480.
Sec. 32.11.490. Derivative action authorized.
A limited partner may bring an action in the right of a limited partnership to recover a judgment in its favor if general partners with authority to do so have refused to bring the action or if an effort to cause those general partners to bring the action is not likely to succeed.
Sec. 32.11.500. Proper plaintiff.
In a derivative action, the plaintiff must be a partner at the time of bringing the action and (1) must have been a partner at the time of the transaction of which the plaintiff complains; or (2) the plaintiff’s status as a partner must have devolved upon the plaintiff by operation of law or under […]
Sec. 32.11.510. Pleading.
In a derivative action, the complaint must set out with particularity the effort of the plaintiff to secure initiation of the action by a general partner or the reasons for not making the effort.