West Virginia Statutes

§ 47-9-24 — General powers and liabilities of general partner

West Virginia·Ch. 47 REGULATION OF TRADE·Art. 9 UNIFORM LIMITED PARTNERSHIP ACT
(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 of a partner in a partnership without limited partners.
(b)Except as provided in this article, 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 article 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 other partners.

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Legislative History

1984 Reg. Sess., SB214; 1981 Reg. Sess., HB987; 1953 Reg. Sess., HB171

Nearby Sections

15
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