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1997 Florida Statutes
General rights, powers, restrictions, and liabilities of general partner.
620.125 General rights, powers, restrictions, and liabilities of general partner.--
(1) Except as provided in this act or in the partnership agreement, a general partner of a limited partnership has the rights and powers and is subject to the restrictions of a partner in a partnership without limited partners.
(2) Except as provided in this act, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to persons other than the partnership and the other partners. Except as provided in this act or in the partnership agreement, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to the partnership and to the other partners.
History.--s. 21, ch. 86-263.