Connecticut General Statutes 34-18 – Rights of limited partner
Current as of: 2024 | Check for updates
|
Other versions
Each limited partner shall have the right to:
Terms Used In Connecticut General Statutes 34-18
- Limited partner: means a person who has been admitted to a limited partnership as a limited partner in accordance with the partnership agreement. See Connecticut General Statutes 34-9
- 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 Connecticut General Statutes 34-9
(1) Inspect and copy any of the partnership records required to be maintained by section 34-13c; and
(2) Obtain from the general partners from time to time on reasonable demand (i) true and full information regarding the state of the business and financial condition of the limited partnership, (ii) promptly after becoming available, a copy of the limited partnership’s federal, state and local income tax returns for each year and (iii) other information regarding the affairs of the limited partnership as is just and reasonable.