Minnesota Statutes 321.0302 – No Right or Power as Limited Partner to Bind Limited Partnership
Current as of: 2023 | Check for updates
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A limited partner does not have the right or the power as a limited partner to act for or bind the limited partnership.
Terms Used In Minnesota Statutes 321.0302
- 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.