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Regarding Limited Partners

Question 43

Multiple Choice

Regarding limited partners,


A) they may withdraw from the partnership at any time, but they forfeit their investment if they withdraw early.
B) they may not withdraw before the time that the partners have agreed the partnership will terminate.
C) if the partnership agreement is silent as to notice required prior to termination, 90 days' written notice is required before the limited partner may withdraw.
D) they must obtain a court order to withdraw because of their limited liability and its effect on the remaining partners and third parties dealing with the business.

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