A person may be both a general partner and a limited partner. A person that is both a general and limited partner has the rights, powers, duties, and obligations provided by this chapter and the partnership agreement in each of those capacities. When the person acts as a general partner, the person is subject to the obligations, duties and restrictions under this chapter and the partnership agreement for general partners. When the person acts as a limited partner, the person is subject to the obligations, duties and restrictions under this chapter and the partnership agreement for limited partners.
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