TITLE 7

Corporations, Associations, and Partnerships

CHAPTER 7-13

Limited Partnerships

SECTION 7-13-24



   § 7-13-24  General rights, powers, and

liabilities. –

(a) Except as provided in this chapter 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 chapter a general partner of a

limited partnership has the liabilities of a partner in a partnership without

limited partners to persons other than the partnership and the other partners.

Except as provided in this chapter or in the partnership agreement, a general

partner of a limited partnership has the liabilities of a partner in a

partnership without limited partners to the partnership and to the other

partners.



History of Section.

(P.L. 1985, ch. 390, § 2; P.L. 1987, ch. 440, § 1.)