488.105 - POWERS. - Iowa Statutes

488.105 POWERS. A limited partnership has the powers to do all things necessary or convenient to carry on its activities, including the power to sue, be sued, and defend in its own name and to maintain an action against a partner for harm caused to the limited partnership by a breach of the partnership agreement or violation of a duty to the partnership.          Section History: Recent Form 2004 Acts, ch 1021, §5, 118 Referred to in § 488.110