§ 99 — Rights of a limited partner

§ 99. Rights of a limited partner. (1) A limited partner shall have\nthe same rights as a general partner to\n (a) Have the partnership books kept at the principal place of business\nof the partnership, and at all times to inspect and copy any of them.\n (b) Have on demand true and full information of all things affecting\nthe partnership, and a formal account of partnership affairs whenever\ncircumstances render it just and reasonable, and\n (c) Have dissolution and winding up by decree of court.\n (2) A limited partner shall have the right to receive a share of the\nprofits or other compensation by way of income, and to the return of his\ncontribution as provided in sections one hundred and four and one\nhundred and five of this article.\n (3) When the limited partnership is qualified as an investment company\nunder the Investment Company Act of 1940, the limited partner shall have\nthe right to vote: (a) in the election of directors or trustees of the\ninvestment company; (b) to approve or terminate investment advisory or\nunderwriting contracts; (c) for approval of auditors; and (d) any other\nmatters that the Investment Company Act of 1940 requires to be approved\nby the holders of beneficial interests in the investment company.\n