§ 59-606 – Right to distribution.
59-606. Right to distribution. Subject to the other provisions of Part 6 of this Article, at the time a partner becomes entitled to receive a distribution, the partner has the status of, and is entitled to all remedies available to, a creditor of the limited partnership with respect to the distribution. (1985 (Reg. Sess., 1986), […]
§ 59-607 – Limitations on distribution.
59-607. Limitations on distribution. A partner shall not receive a distribution from a limited partnership to the extent that, after giving effect to the distribution, all liabilities of the limited partnership, other than liabilities to partners on account of their partnership interests, exceed the fair value of the partnership assets. (1985 (Reg. Sess., 1986), c. […]
§ 59-608 – Liability upon return of contribution.
59-608. Liability upon return of contribution. (a) If a partner has received the return of any part of his contribution without violation of the partnership agreement or this Article, he is liable to the limited partnership for a period of one year thereafter for the amount of the returned contribution, but only to the extent […]
§ 59-701 – Nature of partnership interest.
59-701. Nature of partnership interest. A partnership interest is personal property. (1985 (Reg. Sess., 1986), c. 989, s. 2.)
§ 59-403 – General powers and liabilities.
59-403. General powers and liabilities. (a) Except as provided in this Article or in the partnership agreement, a general partner of a limited partnership has the rights and powers and is subject to the restrictions and liabilities of a partner in a partnership without limited partners. (b) Except as provided in this Article, a general […]
§ 59-404 – Contributions by a general partner.
59-404. Contributions by a general partner. A general partner of a limited partnership may make contributions to the partnership and share in the profits and losses of, and in distributions from, the limited partnership as a general partner. A general partner also may make contributions to and share in profits, losses, and distributions as a […]
§ 59-405 – Voting.
59-405. Voting. 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. (1985 (Reg. Sess., 1986), c. 989, s. 2.)
§ 59-205 – Execution by judicial act.
59-205. Execution by judicial act. If a person fails or refuses to execute a certificate pursuant to G.S. 59-204, any other person who is adversely affected by the failure or refusal, may petition the court for the county in which the partnership’s registered office is located to direct the execution of the certificate. If the […]
§ 59-501 – Form of contribution.
59-501. Form of contribution. The contribution of a partner may be in cash, property, or services rendered, or a promissory note or other obligation to contribute cash or property or to perform services. (1985 (Reg. Sess., 1986), c. 989, s. 2.)
§ 59-206 – Filing requirements.
59-206. Filing requirements. A document required or permitted by this Article to be filed by the Secretary of State must be filed under Chapter 55D of the General Statutes. (1985 (Reg. Sess., 1986), c. 989, s. 2; 1987, c. 531, s. 5; 1991, c. 153, s. 2; 1995, c. 539, s. 35; 1997-485, ss. 17, […]