North Dakota Statutes

§ 45-10.2-15 — (113) Dual capacity

North Dakota § 45-10.2-15
JurisdictionNorth Dakota
Title 45Partnerships
Ch. 45-10.2Uniform Limited Partnership Act

This text of North Dakota § 45-10.2-15 ((113) Dual capacity) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
N.D. Cent. Code § 45-10.2-15 (2026).

Text

A person may be both a general partner and a limited partner.

1.A person that is both a general and limited partner has the rights, powers, duties, and obligations provided by this chapter and the partnership agreement in each of those capacities.
2.When the person acts as a general partner, the person is subject to the obligations, duties, and restrictions under this chapter and the partnership agreement for general partners.
3.When the person acts as a limited partner, the person is subject to the obligations, duties, and restrictions under this chapter and the partnership agreement for limited partners.

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Bluebook (online)
North Dakota § 45-10.2-15, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/45-10.2-15.