Section 10-1101 – Construction and Application
This title shall be applied and construed so as to effectuate its general purpose to make uniform the law with respect to the subject of this title among states enacting it.
This title shall be applied and construed so as to effectuate its general purpose to make uniform the law with respect to the subject of this title among states enacting it.
This title may be cited as the Maryland Revised Uniform Limited Partnership Act.
If any provision of this title or its application to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of the title which can be given effect without the invalid provision or application, and to this end the provisions of this title are severable.
Except as provided below, the effective date of this Act is July 1, 1982, and former Title 10 of the Corporations and Associations Article of the Annotated Code of Maryland (the “Maryland Uniform Limited Partnership Act”) is repealed: (1) All limited partnerships formed on or after the effective date shall be governed by the provisions of […]
(a) In this section, “limited partnership” means a limited partnership that: (1) Was formed under the Maryland Uniform Limited Partnership Act before July 1, 1982; and (2) Did not exercise the election authorized by § 10–1104(4) of this subtitle before July 1, 1985. (b) (1) As provided in § 10–1104(2) of this subtitle, a limited partnership shall be governed by […]