Sec. 3. (a) Except as provided in this article or in the partnership agreement, a general partner of a limited partnership has the rights and powers of, and is subject to the restrictions of, a partner in a partnership without limited partners.
(b) Except as provided in this article, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to persons other than the partnership and the other partners.
(c) Except as provided in this article or in the partnership agreement, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to the partnership and to the other partners.
As added by P.L.147-1988, SEC.1.
Structure Indiana Code
Title 23. Business and Other Associations
Article 16. Limited Partnerships
23-16-5-1. Admission of Additional General Partners
23-16-5-2. Events of Withdrawal
23-16-5-3. General Powers and Liabilities
23-16-5-4. Contributions by General Partner
23-16-5-5. Classes or Groups of General Partners; Rights, Powers, and Duties; Voting