Under ULPA-1985, a limited partner who became significantly involved in running the business lost her status as a limited partner and became a general partner.

Question

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Under ULPA-1985, a limited partner who becomes significantly involved in the management of the partnership's business may be deemed to have lost their limited liability protection and become a general partner. This is known as "engaging in prohibited activities" and can result in the limited partner being held personally liable for the partnership's obligations.

Under ULPA-1985, a Limited Partner Who Became Significantly Involved in Running