Minnesota § 322.30 PROVISIONS FOR EXISTING LIMITED PARTNERSHIPS

Minnesota Statutes

§ 322.30 — PROVISIONS FOR EXISTING LIMITED PARTNERSHIPS

Minnesota § 322.30

PartBUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS

Ch. 3221919 UNIFORM LIMITED PARTNERSHIP ACT

This text of Minnesota § 322.30 (PROVISIONS FOR EXISTING LIMITED PARTNERSHIPS) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 322.30 (2026).

Text

A limited partnership formed under any statute of this state prior to the adoption of this chapter may become a limited partnership under this chapter by complying with the provisions of section322.02; provided the certificate sets forth:

(1)the amount of the original contribution of each limited partner, and the time when the contribution was made; and

(2)that the property of the partnership exceeds the amount sufficient to discharge its liabilities to persons not claiming as general or limited partners by an amount greater than the sum of the contributions of its limited partners. A limited partnership formed under any statute of this state prior to the adoption of this chapter, until or unless it becomes a limited partnership under this chapter, shall continue to be governed by the pr

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A limited partnership formed under any statute of this state prior to the adoption of this chapter may become a limited partnership under this chapter by complying with the provisions of section322.02; provided the certificate sets forth:
(1) the amount of the original contribution of each limited partner, and the time when the contribution was made; and
(2) that the property of the partnership exceeds the amount sufficient to discharge its liabilities to persons not claiming as general or limited partners by an amount greater than the sum of the contributions of its limited partners.
A limited partnership formed under any statute of this state prior to the adoption of this chapter, until or unless it becomes a limited partnership under this chapter, shall continue to be governed by the provisions of General Statutes 1913, chapter 57, except that such partnership shall not be renewed unless so provided in the original agreement.