Powers Rights and Obligations of Limited Partners. (a) No Liability for Partnership Obligations. No Limited Partner shall be subject to assessment nor shall any Limited Partner be personally liable for or upon any of the debts or obligations of the Partnership or any of the losses of the Partnership.
Powers Rights and Obligations of Limited Partners. 17.1 The Limited Partners shall take no part in the conduct or control of the Partnership business and shall have no right or authority to act or sign for, or to obligate the Partnership, but the Limited Partners shall, except as otherwise provided herein, have all the rights of a limited partner under the Act. No Limited Partner shall at any time be entitled to withdraw all or any part of his contributions to the capital of the Partnership except as otherwise provided herein. The Limited Partners shall have no right to demand and receive any property other than cash in return for their capital contributions.
Powers Rights and Obligations of Limited Partners. Except as expressly set forth herein, no Limited Partner shall take part in, or interfere in any manner with, the conduct or control of the Partnership business and no Limited Partner shall have any right or authority to act or sign for, or to obligate the Partnership, but a Limited Partner shall have all the rights of a limited partner required pursuant to the Act. No Limited Partner shall at any time be entitled to withdraw all or any part of its Capital Contributions except to the extent it is entitled to distributions pursuant to the provisions of ARTICLE V. No Limited Partner shall have any right to demand and receive any property other than cash in return for its contributions, and, prior to the dissolution and liquidation of the Partnership pursuant to ARTICLE XIV, its right to receive, from time to time, distributions of cash shall be limited to the rights set forth in ARTICLE V.
Powers Rights and Obligations of Limited Partners
