Florida Statutes
Part I - Florida Revised Uniform Limited Partnership Act of 2005 (Ss. 620.1101-620.2205)
620.1301 - Becoming limited partner.


(1) As provided in the partnership agreement;
(2) As the result of a conversion or merger involving the limited partnership under this act as provided in the plan of conversion or merger; or
(3) With the consent of all the partners.
History.—s. 17, ch. 2005-267.

Structure Florida Statutes

Florida Statutes

Title XXXVI - Business Organizations

Chapter 620 - Partnership Laws

Part I - Florida Revised Uniform Limited Partnership Act of 2005 (Ss. 620.1101-620.2205)

620.1101 - Popular name.

620.1102 - Definitions.

620.1103 - Knowledge and notice.

620.1104 - Nature, purpose, and duration of entity.

620.1105 - Powers.

620.1106 - Governing law.

620.1107 - Supplemental principles of law; rate of interest.

620.1108 - Name.

620.11085 - Reserved name.

620.1109 - Department of State; fees.

620.1110 - Effect of partnership agreement; nonwaivable provisions.

620.1111 - Required information.

620.1112 - Business transactions of partner with partnership.

620.1113 - Dual capacity.

620.1114 - Designated office, registered office, and registered agent.

620.1115 - Change of registered agent or registered office.

620.1116 - Resignation of registered agent.

620.1117 - Service of process.

620.1118 - Consent and proxies of partners.

620.1201 - Formation of limited partnership; certificate of limited partnership.

620.1202 - Amendment or restatement of certificate.

620.1203 - Certificate of dissolution; statement of termination.

620.1204 - Signing of records.

620.1205 - Signing and filing pursuant to judicial order.

620.1206 - Delivery to and filing of records by Department of State; effective time and date; notice.

620.1207 - Correcting filed record.

620.1208 - Liability for false information in filed record.

620.1209 - Certificate of status.

620.1210 - Annual report for Department of State.

620.1301 - Becoming limited partner.

620.1302 - No right or power as limited partner to bind limited partnership; certain approval rights.

620.1303 - No liability as limited partner for limited partnership obligations.

620.1304 - Right of limited partner and former limited partner to information.

620.1305 - Limited duties of limited partners.

620.1306 - Person erroneously believing self to be limited partner.

620.1401 - Becoming general partner.

620.1402 - General partner agent of limited partnership.

620.1403 - Limited partnership liable for general partner’s actionable conduct.

620.1404 - General partner’s liability.

620.1405 - Actions by and against partnership and partners.

620.1406 - Management rights of general partner; approval rights of other partners.

620.1407 - Right of general partner and former general partner to information.

620.1408 - General standards of conduct for general partner.

620.1501 - Form of contribution.

620.1502 - Liability for contribution.

620.1503 - Sharing of profits, losses, and distributions.

620.1504 - Interim distributions.

620.1505 - No distribution on account of dissociation.

620.1506 - Distribution in kind.

620.1507 - Right to distribution.

620.1508 - Limitations on distribution.

620.1509 - Liability for improper distributions.

620.1601 - Dissociation as limited partner.

620.1602 - Effect of dissociation as limited partner.

620.1603 - Dissociation as general partner.

620.1604 - Person’s power to dissociate as general partner; wrongful dissociation.

620.1605 - Effect of dissociation as general partner.

620.1606 - Power to bind and liability to limited partnership before dissolution of partnership of person dissociated as general partner.

620.1607 - Liability to other persons of person dissociated as general partner.

620.1701 - Partner’s transferable interest; certificates.

620.1702 - Transfer of partner’s transferable interest.

620.1703 - Rights of creditor of partner or transferee.

620.1704 - Power of estate of deceased partner.

620.1801 - Nonjudicial dissolution.

620.1802 - Judicial dissolution.

620.1803 - Winding up.

620.1804 - Power of general partner and person dissociated as general partner to bind partnership after dissolution.

620.1805 - Liability after dissolution of general partner and person dissociated as general partner to limited partnership, other general partners, and persons dissociated as general partner.

620.1806 - Known claims against dissolved limited partnership.

620.1807 - Unknown claims against dissolved limited partnership.

620.1808 - Liability of general partner and person dissociated as general partner when claim against limited partnership barred.

620.1809 - Administrative dissolution.

620.1810 - Reinstatement following administrative dissolution.

620.1811 - Appeal from denial of reinstatement.

620.1812 - Revocation of dissolution.

620.1813 - Disposition of assets; when contributions required.

620.1901 - Governing law regarding foreign limited partnerships.

620.1902 - Application for certificate of authority.

620.1903 - Activities not constituting transacting business.

620.1904 - Filing of certificate of authority.

620.1905 - Noncomplying name of foreign limited partnership.

620.1906 - Revocation of certificate of authority.

620.1907 - Cancellation of certificate of authority; effect of failure to have certificate.

620.1908 - Action by Attorney General.

620.1909 - Reinstatement following administrative revocation.

620.1910 - Amending certificate of authority.

620.2001 - Direct action by partner.

620.2002 - Derivative action.

620.2003 - Proper plaintiff.

620.2004 - Pleading.

620.2005 - Proceeds and expenses.

620.2101 - Definitions.

620.2102 - Conversion.

620.2103 - Action on plan of conversion by converting limited partnership.

620.2104 - Filings required for conversion; effective date.

620.2105 - Effect of conversion.

620.2106 - Merger.

620.2107 - Action on plan of merger by constituent limited partnership.

620.2108 - Filings required for merger; effective date.

620.2109 - Effect of merger.

620.2110 - Restrictions on approval of conversions and mergers and on relinquishing limited liability limited partnership status.

620.2111 - Liability of general partner after conversion or merger.

620.2112 - Power of general partners and persons dissociated as general partners to bind organization after conversion or merger.

620.2113 - Appraisal rights; definitions.

620.2114 - Right of limited partners to appraisal.

620.2115 - Assertion of rights by nominees and beneficial owners.

620.2116 - Notice of appraisal rights.

620.2117 - Notice of intent to demand payment.

620.2118 - Appraisal notice and form.

620.2119 - Perfection of rights; right to withdraw.

620.2120 - Limited partner’s acceptance of limited partnership’s offer.

620.2121 - Procedure if limited partner is dissatisfied with offer.

620.2122 - Court action.

620.2123 - Court costs and counsel fees.

620.2124 - Limitation on limited partnership payment.

620.2125 - Application of other laws to provisions governing conversions and mergers.

620.2201 - Uniformity of application and construction.

620.2202 - Severability clause.

620.2203 - Relation to Electronic Signatures in Global and National Commerce Act.

620.2204 - Application to existing relationships.

620.2205 - Savings clause.