§ 35-12-701 Becoming limited partner
§ 35-12-702 Repealed
§ 35-12-703 No liability as limited partner for limited partnership obligations
§ 35-12-704 Person erroneously believing self to be limited partner
§ 35-12-705 Right of limited partner and former limited partner to information
§ 35-12-706 No right or power as limited partner to bind limited partnership
§ 35-12-707 Limited duties of limited partners

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Terms Used In Montana Code > Title 35 > Chapter 12 > Part 7 - Limited Partners

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Contract: A legal written agreement that becomes binding when signed.
  • Fiduciary: A trustee, executor, or administrator.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • 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.
  • Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.