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South Carolina · Through 2025 Session of the General Assembly

S.C. Code Ann. § 33-42-640: Contributions by general partner.

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Where this section sits in the code
  1. Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
  2. CHAPTER 42 Uniform Limited Partnership Act
  3. ARTICLE 4 General Partners

A general partner of a limited partnership may make contributions to the partnership and share in the profits and losses of, and in distributions from, the limited partnership as a general partner. A general partner also may make contributions to and share in profits, losses, and distributions as a limited partner. A person who is both a general partner and a limited partner has the rights and powers, and is subject to the restrictions and liabilities, of a general partner and, except as provided in the partnership agreement, also has the powers, and is subject to the restrictions, of a limited partner to the extent of his participation in the partnership as a limited partner.

Collected 2026-09-02T07:04:29Z. Source file · JSON

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