GroundRules
N.D. Cent. Code § 45-10.2-15: (113) Dual capacity
Where this section sits in the code
- Title 45 Partnerships
- Chapter 45-10.2 Uniform Limited Partnership Act
A person may be both a general partner and a limited partner.
1.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.
2.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.
3.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 2026-09-02T21:04:14Z. Source file · JSON