☰ Revisor of Missouri

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS

Chapter 359

< > Effective - 01 Jan 1987, see footnote bottom

  359.261.  Contributions of a general partner — one person both a general and limited partner. — A general partner of a limited partnership may make contributions to the partnership and share in the profits and losses of, and in distributions from, the limited partnership as a general partner.  A general partner also may make contributions to and share in profits, losses, and distributions as a limited partner.  A person who is both a general partner and a limited partner has the rights and powers, and is subject to the restrictions and liabilities, of a general partner and, except as provided in the partnership agreement, also has the powers, and is subject to the restrictions, of a limited partner to the extent of his participation in the partnership as a limited partner.

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(L. 1985 H.B. 512 & 650)

Effective 1-01-87


---- end of effective   01 Jan 1987 ----

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