Massachusetts General Laws ch. 109 sec. 21 – Records; rights of limited partners
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Section 21. Each limited partner has the right to:
Terms Used In Massachusetts General Laws ch. 109 sec. 21
- 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 section five, and
(2) obtain from the general partners from time to time upon 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.