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2018 Minnesota Statutes
Chapters 300 - 323A — BUSINESS, SOCIAL, AND CHARITABLE ORGANIZATIONS
Chapter 322 — 1919 UNIFORM LIMITED PARTNERSHIP ACT
Section 322.05 — NAME NOT TO CONTAIN SURNAME OF LIMITED PARTNER.
Universal Citation: MN Stat § 322.05 (2018)
322.05 NAME NOT TO CONTAIN SURNAME OF LIMITED PARTNER.
The surname of a limited partner shall not appear in the partnership name, unless:
(1) it is also the surname of a general partner; or
(2) prior to the time when the limited partner became such the business had been carried on under a name in which that partner's surname appeared.
A limited partner whose name appears in a partnership name contrary to the provisions of this section is liable as a general partner to partnership creditors who extend credit to the partnership without actual knowledge that the limited partner is not a general partner.
History: (7357) 1919 c 498 s 5; 1986 c 444
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