Wisconsin Statutes (Last Updated: January 10, 2017) |
Chapter 179. Uniform Limited Partnership Act |
SubChapter IV. GENERAL PARTNERS |
Section 179.33. General partner powers and liabilities.
Latest version.
- (1) Except as provided in this chapter 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)(a) Except as provided in this chapter, 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.(b) Except as provided in this chapter 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.