Under the default rules of the ULPA,a limited partner who wishes to withdraw from a limited partnership has:
A) the power but not the right to withdraw.
B) the right but not the power to withdraw.
C) neither the power nor the right to withdraw.
D) both the power and the right to withdraw.
Correct Answer:
Verified
Q53: A dissociated limited partner:
A)retains his right to
Q54: Terrance and Barbara created a limited partnership,but
Q55: A certificate of limited partnership must contain
Q56: The limited partnership agreement of Davos Limited
Q57: The primary reason to choose the limited
Q59: Who is liable for the acts of
Q60: Under the ULPA of 2001,a limited partner
Q61: Under the ULPA,if two general partners contribute
Q62: The ULPA and the RULLCA permit limited
Q63: Ken was a general partner in a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents