{"data":{"id":"us-nc/n.c.-gen.-stat.-59-404","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 59-404","heading":"Contributions by a general partner.","body":"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. (1985 (Reg. Sess., 1986), c. 989, s. 2.)","path":["Chapter 59. Partnership.","Article 5. Revised Uniform Limited Partnership Act.","Part 4. General Partners."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_59/GS_59-404.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:07:02Z","sha256":"46e494fa2527168afc9ee2138f6872590664a840f894343e4cd736162ccf6874","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-59-403","next":"us-nc/n.c.-gen.-stat.-59-405"},"notice":"GroundRules: Original legal text. Not legal advice."}