Missouri Revised Statutes

Chapter 359
Uniform Limited Partnership Law
Section 359.251

August 28, 2007


Rights and liabilities of a general partner.

359.251. 1. 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.

2. 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.

(L. 1985 H.B. 512 & 650)

Effective 1-1-87


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