359.011. Definitions. - Missouri Statutes

Definitions.

359.011. As used in this chapter, the following terms mean:

(1) "Certificate of limited partnership", the certificate referred toin section 359.091, and the certificate as amended or restated;

(2) "Contribution", any cash, property, services rendered, or apromissory note or other binding obligation to contribute cash or propertyor to perform services, which a partner contributes to a limitedpartnership in his capacity as a partner;

(3) "Event of withdrawal of a general partner", an event that causesa person to cease to be a general partner as provided in section 359.241;

(4) "Foreign limited partnership", a partnership formed under thelaws of any country or of any state other than this state and having aspartners one or more general partners and one or more limited partners;

(5) "General partner", a person who has been admitted to a limitedpartnership as a general partner in accordance with the partnershipagreement and named in the certificate of limited partnership as a generalpartner;

(6) "Limited partner", a person who has been admitted to a limitedpartnership as a limited partner in accordance with the partnershipagreement;

(7) "Limited partnership" and "domestic limited partnership", apartnership formed by two or more persons under the laws of this state andhaving one or more general partners and one or more limited partners;

(8) "Partner", a limited or general partner;

(9) "Partnership agreement", any valid agreement, written or oral, ofthe partners as to the affairs of a limited partnership and the conduct ofits business;

(10) "Partnership interest", a partner's share of the profits andlosses of a limited partnership and the right to receive distributions ofpartnership assets;

(11) "Person", a natural person, partnership, limited partnership(domestic or foreign), domestic or foreign limited liability company,trust, estate, association, or corporation;

(12) "Registered limited liability limited partnership", a limitedpartnership complying with section 359.172;

(13) "State", a state, territory, or possession of the United States,the District of Columbia, or the Commonwealth of Puerto Rico.

(L. 1985 H.B. 512 & 650, A.L. 1990 H.B. 1432, A.L. 1993 S.B. 66 & 20, A.L. 1997 H.B. 655 merged with S.B. 170)

Effective 6-24-97 (H.B. 655) 5-20-97 (S.B. 170)