Section 449.1106 – Records Required to Be Kept at Office; Inspection and Copying by Partner or Representative.
449.1106 Records required to be kept at office; inspection and copying by partner or representative. Sec. 106. Each limited partnership shall keep at the office referred to in section 105(a)(1) all of the following: (1) a current list of the full name and last known business or residence address of each partner, specifying separately the […]
Section 449.1107 – Business Which May Be Carried On.
449.1107 Business which may be carried on. Sec. 107. A limited partnership may carry on any business that a partnership without limited partners may carry on except as otherwise provided by law. History: 1982, Act 213, Eff. Jan. 1, 1983
Section 449.1108 – Loans by Partner and Other Transactions With Limited Partnership; Rights and Obligations.
449.1108 Loans by partner and other transactions with limited partnership; rights and obligations. Sec. 108. 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 with respect to the limited partnership as […]
Section 449.1109 – Agreement to Pay Interest in Excess of Legal Rate; Defense of Usury Prohibited.
449.1109 Agreement to pay interest in excess of legal rate; defense of usury prohibited. Sec. 109. A domestic or foreign limited partnership, whether or not formed at the request of a lender, may by agreement in writing, and not otherwise, agree to pay a rate of interest in excess of the legal rate, and in […]