State Codes and Statutes

Statutes > Missouri > T23 > C359 > 359_051

Records to be kept.

359.051. 1. Each limited partnership shall keep the following:

(1) A current and a past list of the full name and last known mailingaddress of each partner, specifying the general partners and the limitedpartners, in alphabetical order;

(2) A copy of the certificate of limited partnership and allcertificates of amendment thereto, together with executed copies of any powersof attorney pursuant to which any certificate has been executed;

(3) Copies of the limited partnership's federal, state and local incometax returns and reports, if any, for the three most recent years;

(4) Copies of any then effective written partnership agreements and ofany financial statements of the limited partnership for the three most recentyears;

(5) Unless contained in a written partnership agreement, a writingsetting out:

(a) The amount of cash and a statement of the agreed value of the otherproperty or services contributed by each partner and which each partner hasagreed to contribute;

(b) The times at which or events on the happening of which anyadditional contributions agreed to be made by each partner are to be made;

(c) Any right of a partner to receive, or a general partner to make,distributions to a partner which include a return of all or any part of thepartner's contribution; and

(d) Any events upon the happening of which the limited partnership is tobe dissolved and its affairs wound up.

2. Records kept under this section are subject to inspection and copyingat the reasonable request, and at the expense, of any partner during ordinarybusiness hours. The secretary of state may request in writing that thelimited partnership forward to him a complete copy of the current or past orboth partnership lists kept under this section without cost to the secretaryof state.

3. Any general partner of a limited partnership may be individuallysubject to the following sanctions if the general partner fails to deliver thepartnership list to the secretary of state's office within twenty days afterreceiving the written demand for such list:

(1) Assessed a civil penalty in the amount of fifty dollars a day foreach day the list has not been delivered to the secretary of state but not toexceed ten thousand dollars;

(2) Prosecuted criminally with any resulting conviction being deemed aclass A misdemeanor.

(L. 1985 H.B. 512 & 650, A.L. 1990 H.B. 1432)

State Codes and Statutes

Statutes > Missouri > T23 > C359 > 359_051

Records to be kept.

359.051. 1. Each limited partnership shall keep the following:

(1) A current and a past list of the full name and last known mailingaddress of each partner, specifying the general partners and the limitedpartners, in alphabetical order;

(2) A copy of the certificate of limited partnership and allcertificates of amendment thereto, together with executed copies of any powersof attorney pursuant to which any certificate has been executed;

(3) Copies of the limited partnership's federal, state and local incometax returns and reports, if any, for the three most recent years;

(4) Copies of any then effective written partnership agreements and ofany financial statements of the limited partnership for the three most recentyears;

(5) Unless contained in a written partnership agreement, a writingsetting out:

(a) The amount of cash and a statement of the agreed value of the otherproperty or services contributed by each partner and which each partner hasagreed to contribute;

(b) The times at which or events on the happening of which anyadditional contributions agreed to be made by each partner are to be made;

(c) Any right of a partner to receive, or a general partner to make,distributions to a partner which include a return of all or any part of thepartner's contribution; and

(d) Any events upon the happening of which the limited partnership is tobe dissolved and its affairs wound up.

2. Records kept under this section are subject to inspection and copyingat the reasonable request, and at the expense, of any partner during ordinarybusiness hours. The secretary of state may request in writing that thelimited partnership forward to him a complete copy of the current or past orboth partnership lists kept under this section without cost to the secretaryof state.

3. Any general partner of a limited partnership may be individuallysubject to the following sanctions if the general partner fails to deliver thepartnership list to the secretary of state's office within twenty days afterreceiving the written demand for such list:

(1) Assessed a civil penalty in the amount of fifty dollars a day foreach day the list has not been delivered to the secretary of state but not toexceed ten thousand dollars;

(2) Prosecuted criminally with any resulting conviction being deemed aclass A misdemeanor.

(L. 1985 H.B. 512 & 650, A.L. 1990 H.B. 1432)


State Codes and Statutes

State Codes and Statutes

Statutes > Missouri > T23 > C359 > 359_051

Records to be kept.

359.051. 1. Each limited partnership shall keep the following:

(1) A current and a past list of the full name and last known mailingaddress of each partner, specifying the general partners and the limitedpartners, in alphabetical order;

(2) A copy of the certificate of limited partnership and allcertificates of amendment thereto, together with executed copies of any powersof attorney pursuant to which any certificate has been executed;

(3) Copies of the limited partnership's federal, state and local incometax returns and reports, if any, for the three most recent years;

(4) Copies of any then effective written partnership agreements and ofany financial statements of the limited partnership for the three most recentyears;

(5) Unless contained in a written partnership agreement, a writingsetting out:

(a) The amount of cash and a statement of the agreed value of the otherproperty or services contributed by each partner and which each partner hasagreed to contribute;

(b) The times at which or events on the happening of which anyadditional contributions agreed to be made by each partner are to be made;

(c) Any right of a partner to receive, or a general partner to make,distributions to a partner which include a return of all or any part of thepartner's contribution; and

(d) Any events upon the happening of which the limited partnership is tobe dissolved and its affairs wound up.

2. Records kept under this section are subject to inspection and copyingat the reasonable request, and at the expense, of any partner during ordinarybusiness hours. The secretary of state may request in writing that thelimited partnership forward to him a complete copy of the current or past orboth partnership lists kept under this section without cost to the secretaryof state.

3. Any general partner of a limited partnership may be individuallysubject to the following sanctions if the general partner fails to deliver thepartnership list to the secretary of state's office within twenty days afterreceiving the written demand for such list:

(1) Assessed a civil penalty in the amount of fifty dollars a day foreach day the list has not been delivered to the secretary of state but not toexceed ten thousand dollars;

(2) Prosecuted criminally with any resulting conviction being deemed aclass A misdemeanor.

(L. 1985 H.B. 512 & 650, A.L. 1990 H.B. 1432)