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The Florida Senate

2004 Florida Statutes

Section 620.126, Florida Statutes 2004

620.126  Contributions by general partner.--A general partner of a limited partnership may make contributions to the limited partnership and share in the profits and losses of, and in distributions from, the limited partnership as a general partner. A general partner also may make contributions to and share in profits, losses, and distributions as a limited partner. A person who is both a general partner and a limited partner has the rights and powers, and is subject to the restrictions and liabilities, of a general partner and, except as provided in the partnership agreement, also has the powers, and is subject to the restrictions, of a limited partner to the extent of her or his participation in the partnership as a limited partner.

History.--s. 22, ch. 86-263; s. 121, ch. 97-102.