PocketLaw | Vermont Statutes | Limited Partnerships

Limited Partnerships

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Definitions

Name

Reservation of name

Specified office and agent

Records to be kept

Nature of business

Business transactions of partner with partnership

Certificate of limited partnership

Amendment to certificate

Cancellation of certificate

Execution of certificates

Execution by judicial act

Filing in Office of Secretary of State

Liability for false statement in certificate

Scope of notice

Delivery of certificates to limited partners

Fees

Admission of limited partners

Voting

Liability to third parties

Person erroneously believing himself or herself limited partner

Information

Admission of additional general partners

Events of withdrawal

General powers and liabilities

Contributions by general partner

Voting

Form of contribution

Liability for contribution

Sharing of profits and losses

Sharing of distributions

Interim distributions

Withdrawal of general partner

Withdrawal of limited partner

Distribution upon withdrawal

Distribution in kind

Right to distribution

Limitations on distribution

Liability upon return of contribution

Nature of partnership interest

Assignment of partnership interest

Rights of creditor

Right of assignee to become limited partner

Power of estate of deceased or partner who is incompetent

Nonjudicial dissolution

Judicial dissolution

Winding up

Distribution of assets

Law governing

Registration

Issuance of registration

Name

Changes and amendments

Cancellation of registration

Transaction of business without registration

Action by Attorney General

Right of action

Proper plaintiff

Pleading

Expenses

Construction and application

Rules for cases not provided for in this chapter

Savings clause