(1) Each limited partner has the right to:
Inspect and copy partnership records, as provided by section 7-62-105; and
Obtain from the general partners from time to time, subject to such reasonable standards as may be stated in the partnership agreement or otherwise established by the general partners, upon reasonable demand for any purpose reasonably related to the limited partner's interest as a limited partner:
True and full information regarding the state of the business and financial conditionof the limited partnership and any other information regarding the affairs of the limited partnership; and
Promptly after becoming available, a copy of the limited partnership's federal, state,and local income tax returns for each year; and
(c) Have a formal accounting of partnership affairs whenever circumstances render it just and reasonable.
Source: L. 81: Entire article added, p. 441, § 1, effective November 1. L. 86: (1)(a) and IP(1)(b) amended, p. 454, § 18, effective July 1. L. 2003: IP(1)(b) amended, p. 2246, § 136, effective July 1, 2004.