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§ 23-16-5-3 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 23 - Business and Other Associations/
  5. Article 16 - Limited Partnerships/
  6. Chapter 5 - General Partners23-16-5-1. Admission of Additional General Partners/
  7. § 23-16-5-3
Indiana Legal Code

§ 23-16-5-3

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(a) Except as provided in this article or in the partnership agreement, a general partner of a limited partnership has the rights and powers of, and is subject to the restrictions of, a partner in a partnership without limited partners.(b) Except as provided in this article, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to persons other than the partnership and the other partners.(c) Except as provided in this article or in the partnership agreement, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to the partnership and to the other partners.As added by P.L.147-1988, SEC.1.