§ 7-13-25 - Contributions by general partner. - Rhode Island Statutes

SECTION 7-13-25

   § 7-13-25  Contributions by generalpartner. – A general partner of a limited partnership may make contributions to thepartnership and share in the profits and losses of, and in distributions from,the limited partnership as a general partner. A general partner also may makecontributions to and share in profits, losses, and distributions as a limitedpartner. A person who is both a general partner and a limited partner has therights and powers, and is subject to the restrictions and liabilities, of ageneral partner and, except as provided in the partnership agreement, also hasthe powers, and is subject to the restrictions, of a limited partner to theextent of his or her participation in the partnership as a limited partner.