Limited partnership as limited liability partnership

Checkout our iOS App for a better way to browser and research.

29-367. Limited partnership as limited liability partnership

A. A limited partnership is a limited liability partnership as well as a limited partnership if it:

1. Qualifies as a limited liability partnership as provided in section 29-1101 as permitted by its written partnership agreement or, if its written partnership agreement is silent, with the consent of the partners required to amend its written partnership agreement; and

2. Has a name that complies with the requirements of sections 29-302 and 29-1102.

B. In applying section 29-1101 to a limited partnership, all references to partners mean general partners.

C. If a limited partnership is a limited liability partnership, section 29-1026 applies to its general partners and to any of its limited partners who under the provisions of this chapter are liable for the debts or obligations of the partnership.


Download our app to see the most-to-date content.