Oregon Statutes 70.145 – Powers of limited partner
Current as of: 2023 | Check for updates
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Each limited partner may:
Terms Used In Oregon Statutes 70.145
- Limited partner: means a person who has been admitted to a limited partnership as a limited partner in accordance with the partnership agreement. See Oregon Statutes 70.005
- 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.
(1) Inspect and copy any of the partnership records required to be maintained by ORS § 70.050.
(2) Obtain from the general partners from time to time upon reasonable demand:
(a) True and full information regarding the state of the business and financial condition of the limited partnership;
(b) A copy of the limited partnership’s federal, state and local income tax returns for each year promptly after they become available; and
(c) Other information regarding the affairs of the limited partnership as is just and reasonable. [1985 c.677 § 22]
GENERAL PARTNERS