Legislation
SECTION 103
Relation of limited partners inter se
Partnership (PTR) CHAPTER 39, ARTICLE 8
§ 103. Relation of limited partners inter se. Where there are several
limited partners the members may agree that one or more of the limited
partners shall have a priority over other limited partners as to the
return of their contributions, as to their compensation by way of
income, or as to any other matter. If such an agreement is made it shall
be stated in the certificate, and in the absence of such a statement all
the limited partners shall stand upon equal footing.
limited partners the members may agree that one or more of the limited
partners shall have a priority over other limited partners as to the
return of their contributions, as to their compensation by way of
income, or as to any other matter. If such an agreement is made it shall
be stated in the certificate, and in the absence of such a statement all
the limited partners shall stand upon equal footing.