30-24-109. DUAL CAPACITY. 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.
History:
[30-24-109, added 2015, ch. 243, sec. 33, p. 843.]
Structure Idaho Code
Chapter 24 - LIMITED PARTNERSHIPS
Section 30-24-101 - SHORT TITLE.
Section 30-24-102 - DEFINITIONS.
Section 30-24-103 - KNOWLEDGE — NOTICE.
Section 30-24-104 - GOVERNING LAW.
Section 30-24-105 - PARTNERSHIP AGREEMENT — SCOPE — FUNCTION — LIMITATIONS.
Section 30-24-108 - REQUIRED INFORMATION.
Section 30-24-109 - DUAL CAPACITY.
Section 30-24-110 - NATURE, PURPOSE AND DURATION OF LIMITED PARTNERSHIP.