Section 449.1305 - Rights of limited partner. - Michigan Statutes

MICHIGAN REVISED UNIFORM LIMITED PARTNERSHIP ACT (EXCERPT)
Act 213 of 1982

449.1305 Rights of limited partner.

Sec. 305.

Each limited partner has the right to:

(1) Inspect and copy or have his or her designated representative inspect and copy any of the partnership records required to be maintained by section 106.

(2) Obtain from the general partners, from time to time, upon reasonable demand (i) true and full information regarding the state of the business and financial condition of the limited partnership, (ii) promptly after becoming available, a copy of the limited partnership's federal, state, and local income tax returns for each year, and (iii) other information regarding the affairs of the limited partnership as is just and reasonable.

History: 1982, Act 213, Eff. Jan. 1, 1983