State Codes and Statutes
Statutes > Mississippi > Title-79 > 14 > 79-14-403§ 79-14-403. General powers and liabilities.
(a) Except as provided in this chapter 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.
(b) Except as provided in this chapter, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to persons other than the limited partnership and the other partners. Except as provided in this chapter 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 limited partnership and to the other partners.
Sources: Laws, 1987, ch. 488, § 403, eff from and after January 1, 1988.
