US Lawyer Database

115-B – Security for Expenses in Limited Partners’ Derivative Action Brought in the Right of the Limited Partnership to Procure a Judgment in Its Favor.

§ 115-b. Security for expenses in limited partners’ derivative action brought in the right of the limited partnership to procure a judgment in its favor. In any action specified in section one hundred fifteen-a of this article, unless the contributions of or allocable to plaintiff or plaintiffs to partnership property amount to five percent or […]

116 – Short Title.

§ 116. Short title. This article shall be known and may be cited as the uniform limited partnership act.

117 – Rules of Construction.

§ 117. Rules of construction. (1) The rule that statutes in derogation of the common law are to be strictly construed shall have no application to this article. (2) This article shall be so interpreted and construed as to effect its general purpose. (3) This article shall not be so construed as to impair the […]

118 – Rules for Cases Not Covered.

§ 118. Rules for cases not covered. In any case not provided for in this article the rules of law and equity, including the law merchant, shall govern.

119 – Existing Limited Partnerships.

§ 119. Existing limited partnerships. (1) A limited partnership formed under any statute of this state prior to the adoption of this article may become a limited partnership under this article by complying with the provisions of section ninety-one, provided the certificate sets forth (a) The amount of the original contribution of each limited partner, […]

115 – Parties to Actions.

§ 115. Parties to actions. A contributor, unless he is a general partner, is not a proper party to proceedings by or against a partnership, except where the object is to enforce a limited partner’s right against or liability to the partnership, and except in cases provided for in section one hundred fifteen-a of this […]

106 – Liability of Limited Partner to Partnership.

§ 106. Liability of limited partner to partnership. (1) A limited partner is liable to the partnership (a) For the difference between his contribution as actually made and that stated in the certificate as having been made, and (b) For any unpaid contributions which he agreed in the certificate to make in the future at […]