Ask a question on the site
Questions
Lawyers
Blogs
Legislation
Contacts
Become a lawyer
Login Registration
Extra - Chapter Notes - Enactment. Chapter 86 was added November 21, 2016, P.L.1328, No.170,...
Section 8611 - Short title and application of chapter - (a) Short title.--This chapter may be cited as the Pennsylvania...
Section 8612 - Definitions - (a) General definitions.--The following words and phrases when used in...
Section 8613 - Knowledge and notice - (a) Knowledge.--A person knows a fact if the person: (1)...
Section 8614 - Governing law - (a) General rule.--The laws of this Commonwealth govern: (1) the...
Section 8615 - Contents of partnership agreement - (a) Scope of partnership agreement.--Except as provided under subsections (c)...
Section 8616 - Application of partnership agreement - (a) Partnership bound.--A limited partnership is bound by and may...
Section 8617 - Amendment and effect of partnership agreement - (a) Approval of amendments.--A partnership agreement may specify that its...
Section 8618 - Required information - (a) General rule.--A limited partnership shall maintain at its principal...
Section 8619 - Dual capacity - A person may be both a general partner and a...
Section 8620 - Characteristics of limited partnership - (a) Separate entity.--A limited partnership is an entity distinct from...
Section 8621 - Formation of limited partnership and certificate of limited partnership - (a) Formation.--To form a limited partnership, a person must deliver...
Section 8622 - Amendment or restatement of certificate of limited partnership - (a) General rule.--A certificate of limited partnership may be amended...
Section 8623 - Signing of filed documents - (a) Required signatures.--Except as provided in this title, a document...
Section 8624 - Liability of general partner for false or missing information in filed document - (a) General rule.--If a document delivered to the department for...
Section 8625 - Registered office - (a) General rule.--Every limited partnership shall have and continuously maintain...
Section 8631 - Becoming a limited partner - (a) Upon formation.--Upon formation of a limited partnership, a person...
Section 8632 - No agency power of limited partner as limited partner - (a) General rule.--A limited partner is not an agent of...
Section 8633 - No liability as limited partner for limited partnership obligations - A debt, obligation or other liability of a limited partnership...
Section 8634 - Limited partner rights to information - (a) Right to required information.--Within 10 days after receipt by...
Section 8635 - Limited duties of limited partners - (a) Good faith and fair dealing.--A limited partner shall discharge...
Section 8636 - Person erroneously believing self to be limited partner - (a) Right to correct.--Except as provided in subsection (b), a...
Section 8641 - Becoming a general partner - (a) Admission on formation.--On formation of a limited partnership, a...
Section 8642 - General partner agent of limited partnership - (a) General rule.--Each general partner is an agent of the...
Section 8643 - Limited partnership liable for general partner's actionable conduct - (a) General rule.--A limited partnership is liable for loss or...
Section 8644 - General partner's liability - (a) General rule.--Except as provided under subsection (b) or section...
Section 8645 - Actions by and against partnership and partners - (a) General partner as party.--To the extent not inconsistent with...
Section 8646 - Management rights - (a) General rule.--Each general partner has equal rights in the...
Section 8647 - General partner rights to information - (a) Right to required information.--A general partner may inspect and...
Section 8648 - Reimbursement, indemnification, advancement and insurance - (a) Reimbursement.--A limited partnership shall reimburse a general partner for...
Section 8649 - Standards of conduct for general partners - (a) General rule.--A general partner owes to the limited partnership...
Section 8651 - Form of contribution - A contribution may consist of: (1) property transferred to, services...
Section 8652 - Liability for contribution - (a) Obligation not excused.--A person's obligation to make a contribution...
Section 8653 - Sharing of and right to distributions before dissolution - (a) General rule.--Any distribution made by a limited partnership before...
Section 8654 - Limitations on distributions - (a) General rule.--A limited partnership may not make a distribution,...
Section 8655 - Liability for improper distributions - (a) General rule.--If a general partner consents to a distribution...
Section 8661 - Dissociation as limited partner - (a) No right to dissociate.--A person does not have a...
Section 8662 - Effects of dissociation as limited partner - (a) General rule.--If a person is dissociated as a limited...
Section 8663 - Dissociation as general partner - (a) General rule.--A person is dissociated as a general partner...
Section 8664 - Power to dissociate as general partner and wrongful dissociation - (a) Power to dissociate.--A person has the power to dissociate...
Section 8665 - Effects of dissociation as general partner - (a) General rule.--If a person is dissociated as a general...
Section 8666 - Power to bind and liability of person dissociated as general partner - (a) Power to bind.--After a person is dissociated as a...
Section 8667 - Liability of person dissociated as general partner to other persons - (a) General rule.--A person's dissociation as a general partner does...
Section 8671 - Nature of transferable interest - (a) Personal property.--A transferable interest is personal property. (b) Only...
Section 8672 - Transfer of transferable interest - (a) General rule.--A transfer, in whole or in part, of...
Section 8673 - Charging order - (a) General rule.--On application by a judgment creditor of a...
Section 8674 - Power of personal representative of deceased partner - If a partner dies, the personal representative of the deceased...
Section 8681 - Events causing dissolution - (a) General rule.--A limited partnership is dissolved, and its activities...
Section 8681.1 - Voluntary termination by partners - (a) General rule.--The general partners of a limited partnership that...
Section 8682 - Winding up and filing of certificates - (a) General rule.--A dissolved limited partnership shall wind up its...
Section 8684 - Power to bind partnership after dissolution - (a) Power of general partner.--A limited partnership is bound by...
Section 8685 - General partner liability after dissolution - (a) Liability of general partner.--If a general partner having knowledge...
Section 8686 - Known claims against dissolved limited partnership - (a) General rule.--Except as provided under subsection (d), a dissolved...
Section 8687 - Other claims against dissolved limited partnership - (a) Permissive notice.--A dissolved limited partnership may publish notice of...
Section 8688 - Court proceedings - (a) Determination of security.--A dissolved limited partnership that has officially...
Section 8689 - General partner liability when claim against limited partnership barred - If a claim against a dissolved limited partnership is barred...
Section 8690 - Disposition of assets in winding up and required contributions - (a) Creditors.--In winding up its activities and affairs, a limited...
Section 8691 - Direct action by partner - (a) General rule.--Subject to subsection (b), a partner may maintain...
Section 8692 - Derivative action - (a) General rule.--Subject to section 8693 (relating to eligible partner...
Section 8693 - Eligible partner plaintiffs and security for costs - (a) General rule.--Except as provided in subsection (b), in any...
Section 8694 - Special litigation committee - (a) General rule.--If a limited partnership or the general partners...
Section 8695 - Proceeds and expenses - (a) Proceeds.--Except as provided in subsection (b): (1) any proceeds...