Section 449.1403 – General Partner; Rights and Powers; Restrictions.
449.1403 General partner; rights and powers; restrictions. Sec. 403. (a) Except as provided in this act or in the partnership agreement, a general partner of a limited partnership has the rights and powers and is subject to the restrictions of a partner in a partnership without limited partners. (b) Except as provided in this act, […]
Section 449.1404 – General Partner; Right to Contribute to Partnership and Share in Profits and Losses as General or Limited Partner; Rights, Powers, Restrictions, and Liabilities of One Person as Both General and Limited Partner.
449.1404 General partner; right to contribute to partnership and share in profits and losses as general or limited partner; rights, powers, restrictions, and liabilities of one person as both general and limited partner. Sec. 404. A general partner of a limited partnership may make contributions to the partnership and share in the profits and losses […]
Section 449.1405 – Voting Rights of General Partners.
449.1405 Voting rights of general partners. Sec. 405. The partnership agreement may grant to all or certain identified general partners the right to vote, on a per capita or any other basis, separately or with all or any class of the limited partners, on any matter. History: 1982, Act 213, Eff. Jan. 1, 1983
Section 449.1301 – Admission of Additional Limited Partners.
449.1301 Admission of additional limited partners. Sec. 301. (a) After the filing of a limited partnership’s original certificate of limited partnership, a person may be admitted as an additional limited partner: (1) In the case of a person acquiring a partnership interest directly from the limited partnership, upon the compliance with the partnership agreement or, […]
Section 449.1302 – Voting Rights of Limited Partners.
449.1302 Voting rights of limited partners. Sec. 302. Subject to section 303, the partnership agreement may grant to all or a specified group of the limited partners the right to vote, with or without the concurrence of the general partners, on a per capita or other basis, upon any matter. History: 1982, Act 213, Eff. […]
Section 449.1201 – Formation; Certificate of Limited Partnership; Contents; Date of Formation.
449.1201 Formation; certificate of limited partnership; contents; date of formation. Sec. 201. (a) In order to form a limited partnership 2 or more persons shall execute a certificate of limited partnership. The certificate shall be filed in the office of the administrator and set forth all of the following: (1) The name of the limited […]
Section 449.1202 – Certificate of Limited Partnership; Amendment; Contents of Certificate of Amendment; Events Necessitating Amendment; Liability; Restated Certificate of Limited Partnership; Effective Date of Amendment.
449.1202 Certificate of limited partnership; amendment; contents of certificate of amendment; events necessitating amendment; liability; restated certificate of limited partnership; effective date of amendment. Sec. 202. (a) A certificate of limited partnership is amended by filing a certificate of amendment to the certificate of limited partnership in the office of the administrator. The certificate of […]
Section 449.1203 – Certificate of Limited Partnership; Cancellation; Contents of Certificate of Cancellation; Effective Date of Cancellation.
449.1203 Certificate of limited partnership; cancellation; contents of certificate of cancellation; effective date of cancellation. Sec. 203. (a) A certificate of limited partnership shall be canceled upon the dissolution and the commencement of winding up of the partnership or at any other time there are no limited partners. A certificate of cancellation shall be filed […]
Section 449.1204 – Manner of Executing Certificates.
449.1204 Manner of executing certificates. Sec. 204. (a) Each certificate required by this article to be filed in the office of the administrator shall be executed in the following manner: (1) An original certificate of limited partnership shall be signed by all partners named in the certificate. (2) A certificate of amendment or a restated […]
Section 449.1205 – Failure to Execute Certificate; Circuit Court Proceedings; Court-Ordered Certificate; Assessment of Court Costs and Attorney Fees; Effective Date of Court-Ordered Amendment or Cancellation.
449.1205 Failure to execute certificate; circuit court proceedings; court-ordered certificate; assessment of court costs and attorney fees; effective date of court-ordered amendment or cancellation. Sec. 205. If a person required by section 204 to execute a certificate of amendment, a restated certificate of limited partnership, or a certificate of cancellation fails or refuses to do […]