California Code
TITLE 2 - PARTNERSHIPS
CHAPTER 4.5 - Uniform Limited Partnership Act of 2008

ARTICLE 1 - General Provisions

Section 15900. - 15900. This chapter may be cited as the Uniform Limited...

Section 15901.02. - 15901.02. In this chapter, the following terms have the following...

Section 15901.03. - 15901.03. (a) A person knows a fact if the person...

Section 15901.04. - 15901.04. (a) A limited partnership is an entity distinct from...

Section 15901.05. - 15901.05. A limited partnership has the powers to do all...

Section 15901.06. - 15901.06. The law of this state governs relations among the...

Section 15901.07. - 15901.07. (a) Unless displaced by particular provisions of this chapter,...

Section 15901.08. - 15901.08. (a) The name of a limited partnership may contain...

Section 15901.09. - 15901.09. (a) The exclusive right to the use of a...

Section 15901.10. - 15901.10. (a) Except as otherwise provided in subdivision (b), the...

Section 15901.11. - 15901.11. A limited partnership shall maintain at its principal office...

Section 15901.12. - 15901.12. A partner may lend money to and transact other...

Section 15901.13. - 15901.13. A person may be both a general partner and...

Section 15901.14. - 15901.14. (a) A limited partnership shall designate and continuously maintain...

Section 15901.15. - 15901.15. Action requiring the consent of partners under this chapter...

Section 15901.16. - 15901.16. (a) In addition to Chapter 4 (commencing with Section...

Section 15901.17. - 15901.17. (a) A partner may, in a written partnership agreement...

ARTICLE 2 - Formation; Certificate of Limited Partnership and Other Filings

Section 15902.01. - 15902.01. (a) In order for a limited partnership to be...

Section 15902.02. - 15902.02. (a) In order to amend its certificate of limited...

Section 15902.03. - 15902.03. A dissolved limited partnership that has completed winding up...

Section 15902.04. - 15902.04. (a) Each record delivered to the Secretary of State...

Section 15902.05. - 15902.05. (a) If a person required by this chapter to...

Section 15902.06. - 15902.06. (a) A record authorized or required to be delivered...

Section 15902.07. - 15902.07. (a) A limited partnership or foreign limited partnership may...

Section 15902.08. - 15902.08. (a) If a record delivered to the Secretary of...

Section 15902.09. - 15902.09. (a) A domestic limited partnership whose certificate of limited...

ARTICLE 3 - Limited Partners

Section 15903.01. - 15903.01. A person becomes a limited partner: (a) as provided...

Section 15903.02. - 15903.02. A limited partner does not have the right or...

Section 15903.03. - 15903.03. (a) A limited partner is not liable for any...

Section 15903.04. - 15903.04. (a) On 10 days’ demand, made in a record...

Section 15903.05. - 15903.05. (a) A limited partner does not have any fiduciary...

Section 15903.06. - 15903.06. (a) Except as otherwise provided in subdivision (b), a...

Section 15903.07. - 15903.07. (a) The partnership agreement may provide for the creation...

ARTICLE 4 - General Partners

Section 15904.01. - 15904.01. A person becomes a general partner: (a) as provided...

Section 15904.02. - 15904.02. (a) Each general partner is an agent of the...

Section 15904.03. - 15904.03. (a) A limited partnership is liable for loss or...

Section 15904.04. - 15904.04. (a) Except as otherwise provided in subdivision (b), all...

Section 15904.05. - 15904.05. (a) To the extent not inconsistent with Section 15904.04,...

Section 15904.06. - 15904.06. (a) Each general partner has equal rights in the...

Section 15904.07. - 15904.07. (a) A general partner, without having any particular purpose...

Section 15904.08. - 15904.08. (a) The fiduciary duties that a general partner owes...

Section 15904.09. - 15904.09. (a) A partnership agreement may provide for the creation...

ARTICLE 5 - Contributions and Distributions

Section 15905.01. - 15905.01. A contribution of a partner may consist of tangible...

Section 15905.02. - 15905.02. (a) A partner’s obligation to contribute money or other...

Section 15905.03. - 15905.03. A distribution by a limited partnership must be shared...

Section 15905.035. - 15905.035. The profits and losses of a limited partnership shall...

Section 15905.04. - 15905.04. A partner does not have a right to any...

Section 15905.05. - 15905.05. A person does not have a right to receive...

Section 15905.06. - 15905.06. A partner does not have a right to demand...

Section 15905.07. - 15905.07. When a partner or transferee becomes entitled to receive...

Section 15905.08. - 15905.08. (a) A limited partnership may not make a distribution...

Section 15905.09. - 15905.09. (a) A general partner that consents to a distribution...

ARTICLE 6 - Dissociation

Section 15906.01. - 15906.01. (a) A person does not have a right to...

Section 15906.02. - 15906.02. (a) Upon a person’s dissociation as a limited partner:...

Section 15906.03. - 15906.03. A person is dissociated from a limited partnership as...

Section 15906.04. - 15906.04. (a) A person has the power to dissociate as...

Section 15906.05. - 15906.05. (a) Upon a person’s dissociation as a general partner...

Section 15906.06. - 15906.06. (a) After a person is dissociated as a general...

Section 15906.07. - 15906.07. (a) A person’s dissociation as a general partner does...

ARTICLE 7 - Transferable Interests and Rights of Transferees and Creditors

Section 15907.01. - 15907.01. The only interest of a partner which is transferable...

Section 15907.02. - 15907.02. (a) A transfer, in whole or in part, of...

Section 15907.03. - 15907.03. (a) On application to a court of competent jurisdiction...

Section 15907.04. - 15907.04. If a partner dies, the deceased partner’s personal representative...

ARTICLE 8 - Dissolution

Section 15908.01. - 15908.01. Except as otherwise provided in Section 15908.02, a limited...

Section 15908.02. - 15908.02. (a) On application by a partner, a court of...

Section 15908.03. - 15908.03. (a) A limited partnership continues after dissolution only for...

Section 15908.04. - 15908.04. (a) A limited partnership is bound by a general...

Section 15908.05. - 15908.05. (a) If a general partner having knowledge of the...

Section 15908.06. - 15908.06. (a) A dissolved limited partnership may dispose of the...

Section 15908.07. - 15908.07. (a) A dissolved limited partnership may publish notice of...

Section 15908.08. - 15908.08. If a claim against a dissolved limited partnership is...

Section 15908.09. - 15908.09. (a) In winding up a limited partnership’s activities, the...

ARTICLE 9 - Foreign Limited Partnership

Section 15909.01. - 15909.01. (a) The laws of the state or other jurisdiction...

Section 15909.02. - 15909.02. (a) A foreign limited partnership may apply for a...

Section 15909.03. - 15909.03. (a) Activities of a foreign limited partnership that do...

Section 15909.04. - 15909.04. Unless the Secretary of State determines that an application...

Section 15909.05. - 15909.05. (a) A foreign limited partnership whose name does not...

Section 15909.06. - 15909.06. If any statement in the application for registration of...

Section 15909.07. - 15909.07. (a) In order to cancel its certificate of registration...

Section 15909.08. - 15909.08. The Attorney General may maintain an action to restrain...

ARTICLE 10 - Actions by Partners

Section 15910.01. - 15910.01. (a) Subject to subdivision (b), a partner may maintain...

Section 15910.02. - 15910.02. A partner may bring a derivative action to enforce...

Section 15910.03. - 15910.03. (a) A derivative action may be maintained only by...

Section 15910.04. - 15910.04. In a derivative action, the complaint must state with...

Section 15910.05. - 15910.05. (a) Except as otherwise provided in subdivision (b): (1)...

Section 15910.06. - 15910.06. (a) In any derivative action, at any time within...

ARTICLE 11 - Conversion and Merger

Section 15911.01. - 15911.01. For purposes of this article, the following definitions apply:...

Section 15911.02. - 15911.02. (a) A limited partnership may be converted into another...

Section 15911.03. - 15911.03. (a) A limited partnership that desires to convert to...

Section 15911.04. - 15911.04. (a) A conversion into an other business entity or...

Section 15911.05. - 15911.05. (a) The conversion of a limited partnership into a...

Section 15911.06. - 15911.06. (a) Upon conversion of a limited partnership, one of...

Section 15911.07. - 15911.07. (a) Whenever a limited partnership or other business entity...

Section 15911.08. - 15911.08. (a) An other business entity or a foreign other...

Section 15911.09. - 15911.09. (a) An entity that converts into another entity pursuant...

Section 15911.10. - 15911.10. Mergers of limited partnerships shall be governed by Sections...

Section 15911.11. - 15911.11. The following entities may be merged pursuant to this...

Section 15911.12. - 15911.12. (a) Each limited partnership and other business entity that...

Section 15911.13. - 15911.13. Subdivision (b) of Section 15911.12 shall not apply to...

Section 15911.14. - 15911.14. (a) If the surviving entity is a limited partnership...

Section 15911.15. - 15911.15. (a) Unless a future effective date or time is...

Section 15911.16. - 15911.16. (a) Upon a merger of limited partnerships or limited...

Section 15911.17. - 15911.17. (a) The merger of any number of domestic limited...

Section 15911.18. - 15911.18. Whenever a domestic or foreign limited partnership or other...

Section 15911.19. - 15911.19. Recording of the certificate of merger in accordance with...

ARTICLE 11.5 - Dissenting Limited Partners Rights

Section 15911.20. - 15911.20. (a) For purposes of this article, “reorganization” refers to...

Section 15911.21. - 15911.21. (a) If the approval of outstanding limited partnership interests...

Section 15911.22. - 15911.22. (a) If limited partners have a right under Section...

Section 15911.23. - 15911.23. Within 30 days after the date on which notice...

Section 15911.24. - 15911.24. (a) If the limited partnership and the dissenting limited...

Section 15911.25. - 15911.25. (a) If the limited partnership denies that a limited...

Section 15911.26. - 15911.26. (a) If the court appoints an appraiser or appraisers,...

Section 15911.27. - 15911.27. To the extent that the payment to dissenting limited...

Section 15911.28. - 15911.28. Any cash distributions made by a limited partnership to...

Section 15911.29. - 15911.29. Except as expressly limited by this article, dissenting limited...

Section 15911.30. - 15911.30. A dissenting interest loses its status as a dissenting...

Section 15911.31. - 15911.31. If litigation is instituted to test the sufficient or...

Section 15911.32. - 15911.32. (a) This article applies to the following: (1) A...

Section 15911.33. - 15911.33. (a) No limited partner of a limited partnership who...

ARTICLE 12 - Miscellaneous Provisions

Section 15912.01. - 15912.01. In applying and construing this chapter, consideration must be...

Section 15912.02. - 15912.02. If any provision of this chapter or its application...

Section 15912.03. - 15912.03. This chapter modifies, limits, or supersedes the federal Electronic...

Section 15912.04. - 15912.04. This chapter shall become operative on January 1, 2008....

Section 15912.06. - 15912.06. (a) Before January 1, 2010, this chapter governs only:...

Section 15912.07. - 15912.07. This chapter does not affect an action commenced, proceeding...