A limited partner may vote on the sale of all of the assets of the limited partnership or a change in the nature of the business without being deemed to have taken part in control of the business.

Question

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Limited partners can vote on significant matters such as the sale of all of the assets of the partnership or changes in the nature of the business without losing their limited liability status or being considered as taking part in the control of the business.

A Limited Partner May Vote on the Sale of All