Ark. Code Ann. § 4-47-113: Dual capacity
Where this section sits in the code
- AR Code
- Title 4
- Chapter 47
- Subchapter 1
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.
Collected 2026-09-14T18:32:41Z. Source file · JSON