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the Missouri Revised Statutes
2012 Missouri Revised Statutes
TITLE XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 359 Uniform Limited Partnership Law
Section 359.251 Rights and liabilities of a general partner.
Universal Citation:
MO Rev Stat § 359.251 (2012)
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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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