Vermont Statutes Title 11 Sec. 3425
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Terms Used In Vermont Statutes Title 11 Sec. 3425
- Limited partner: means a person who has been admitted to a limited partnership as a limited partner in accordance with the partnership agreement. See
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- State: means a state, territory, or possession of the United States, the District of Columbia, or the Commonwealth of Puerto Rico. See
§ 3425. Information
Each limited partner has the right to:
(1) inspect and copy any of the partnership records required to be maintained by section 3405 of this title; and
(2) obtain from the general partners from time to time upon reasonable demand true and full information regarding the state of the business and financial condition of the limited partnership; promptly after becoming available, a copy of the limited partnership’s federal, state, and local income tax returns for each year; and other information regarding the affairs of the limited partnership as is just and reasonable. (Added 1997, No. 149 (Adj. Sess.), § 4, eff. Jan. 1, 1999.)