§425E-407  Right of general partner and former
general partner to information.  (a)  [Subsection effective
until June 30, 2010.  For subsection effective July 1, 2010, see below.]  A
general partner, without having any particular purpose for seeking the information,
may inspect and copy during regular business hours:



(1)  In the limited partnership's designated office,
required information; and



(2)  At a reasonable location specified by the limited
partnership, any other records maintained by the limited partnership regarding
the limited partnership's activities and financial condition.



(a)  [Subsection effective July 1, 2010.  For
subsection effective until June 30, 2010, see above.]  A general partner,
without having any particular purpose for seeking the information, may inspect
and copy during regular business hours:



(1)  In the limited partnership's principal office,
required information; and



(2)  At a reasonable location specified by the limited
partnership, any other records maintained by the limited partnership regarding
the limited partnership's activities and financial condition.



(b)  Each general partner and the limited
partnership shall furnish to a general partner:



(1)  Without demand, any information concerning the
limited partnership's activities and activities reasonably required for the
proper exercise of the general partner's rights and duties under the
partnership agreement or this chapter; and



(2)  On demand, any other information concerning the
limited partnership's activities, except to the extent the demand or the
information demanded is unreasonable or otherwise improper under the
circumstances.



(c)  Subject to subsection (e), within ten days
of a demand made in a record received by the limited partnership, a person
dissociated as a general partner may have access to the information and records
described in subsection (a) at the location specified in subsection (a) if:



(1)  The information or record pertains to the period
during which the person was a general partner;



(2)  The person seeks the information or record in
good faith; and



(3)  The person satisfies the requirements imposed on
a limited partner by section 425E-304(b).



(d)  The limited partnership shall respond to a
demand made pursuant to subsection (c) in the same manner as provided in
section 425E-304(c).



(e)  If a general partner dies, section
425E-704 applies.



(f)  The limited partnership may impose
reasonable restrictions on the use of information under this section.  In any
dispute concerning the reasonableness of a restriction under this subsection,
the limited partnership shall bear the burden of proving reasonableness.



(g)  A limited partnership may charge a person
dissociated as a general partner that makes a demand under this section
reasonable costs of copying, limited to the costs of labor and material.



(h)  A general partner or person dissociated as
a general partner may exercise the rights under this section through an
attorney or other agent.  Any restriction imposed under subsection (f) or by
the partnership agreement shall apply both to the attorney or other agent and
to the general partner or person dissociated as a general partner.



(i)  The rights under this section shall not
extend to a person as transferee, but the rights under subsection (c) of a
person dissociated as a general partner may be exercised by the legal
representative of an individual who dissociated as a general partner under
section 425E-603(7)(B) or (C). [L 2003, c 210, pt of §1; am L 2009, c 55, §47]