Examples of Limited partnership in a sentence
The General Partner(s) may, but are not obligated to, acquire interests in the Limited Partnership from any willing Limited Partner.
All Partners will present their position on the state of the Limited Partnership within two weeks of the completion of each fiscal year.
Any exercise by the Limited Partners of their rights under this Agreement shall be deemed to be an action affecting the agreement among the Partners and not an action affecting the management or control of the business of the Limited Partnership.
No Limited Partner shall have the power to sign for or bind the Limited Partnership.
Except as otherwise provided in this Agreement, the Limited Partners shall have only those rights granted to limited partners pursuant to the applicable State laws and shall have no right to, nor shall they take any part in or interfere with the conduct, control, or management of the business of the Limited Partnership.