Shawn was a manager and a limited partner in a Wall Street securities investment firm limited partnership.He was expelled from the limited partnership after his conviction in a securities fraud.Which of the following is true?
A) Shawn will retain his right to receive profits.
B) Shawn will retain his right to vote as a limited partner.
C) Shawn will lose his limited liability status.
D) Shawn will retain his managerial powers.
Correct Answer:
Verified
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