(a) Each general partner is an agent of the limited partnership for the purposes of its activities. An act of a general partner, including the signing of a record in the partnership's name, for apparently carrying on in the ordinary course the limited partnership's activities or activities of the kind carried on by the limited partnership binds the limited partnership, unless the general partner did not have authority to act for the limited partnership in the particular matter and the person with which the general partner was dealing knew, had received a notification, or had notice under § 4-47-103(d) that the general partner lacked authority.
(b) An act of a general partner which is not apparently for carrying on in the ordinary course the limited partnership's activities or activities of the kind carried on by the limited partnership binds the limited partnership only if the act was actually authorized by all the other partners.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Chapter 47 - Uniform Limited Partnership Act (2001)
Subchapter 4 - General Partners
§ 4-47-401. Becoming general partner
§ 4-47-402. General partner agent of limited partnership
§ 4-47-403. Limited partnership liable for general partner's actionable conduct
§ 4-47-404. General partner's liability
§ 4-47-405. Actions by and against partnership and partners
§ 4-47-406. Management rights of general partner
§ 4-47-407. Right of general partner and former general partner to information