A limited partnership has the powers to do all things necessary or convenient to carry on its activities, including the power to sue, be sued, and defend in its own name and to maintain an action against a partner for harm caused to the limited partnership by a breach of the partnership agreement or violation of a duty to the partnership.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Chapter 47 - Uniform Limited Partnership Act (2001)
Subchapter 1 - General Provisions
§ 4-47-103. Knowledge and notice
§ 4-47-104. Nature, purpose, and duration of entity
§ 4-47-107. Supplemental principles of law — Rate of interest
§ 4-47-109. Reservation of name
§ 4-47-110. Effect of partnership agreement — Nonwaivable provisions
§ 4-47-111. Required information
§ 4-47-112. Business transactions of partner with partnership
§ 4-47-114. Office and agent for service of process