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The Florida Senate

2004 Florida Statutes

SECTION 125
General rights, powers, restrictions, and liabilities of general partner.
Section 620.125, Florida Statutes 2004

620.125  General rights, powers, restrictions, and liabilities of general partner.--

(1)  Except as provided in this act or in the partnership agreement, a general partner of a limited partnership has the rights and powers and is subject to the restrictions of a partner in a partnership without limited partners.

(2)  Except as provided in this act, 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. Except as provided in this act 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.

History.--s. 21, ch. 86-263.