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" A limited partner shall not become liable as a general partner unless, in addition to the exercise of his rights and powers as a limited partner, he takes part in the control of the business. "
Reports of the United States Tax Court - Page 679
by United States. Tax Court - 1984
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Cases on the Law of Partnership: Including Limited Partnerships, Volume 1

Eugene Allen Gilmore - Partnership - 1908 - 832 pages
...cancellation or amendment as provided in section 25 (3). Section 7. [Limited Partner Not Liable to Creditors.] A limited partner shall not become liable as a general...partner, he takes part in the control of the business. Section 8. [Admission of Additional Limited Partners.] After the formation of a limited partnership,...
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Cases on the Law of Partnership: Including Limited Partnerships, Selected ...

Eugene Allen Gilmore - Partnership - 1908 - 834 pages
...cancellation or amendment as provided in section 25 (3). Section 7. [Limited Partner Not Liable to Creditors.] A limited partner shall not become liable as a general...partner, he takes part in the control of the business. Section 8. [Admission of Additional Limited Partners.] After the formation of a limited partnership,...
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Wisconsin Session Laws

Wisconsin - Bills, Private - 1919 - 1684 pages
...in subsection 3 of section 1703—25. (Limited partner not liable to creditors.) Section 1703 — 7. A limited partner shall not become liable as a general...partner, he takes part in the control of the business. (Admission of additional limited partners.) Section 1703 — 8. After the formation of a limited partnership,...
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Laws Enacted in the General Assembly of the Commonwealth of Pennsylvania ...

Pennsylvania. Laws, statutes, etc - Law - 1917 - 1362 pages
...amendment as provided in section twenty-five (3). Limited Partner Not Liable to Creditors. Section 7. A limited partner shall not become liable as a general...partner, he takes part in the control of the business. Admission of Additional Limited Partners. Section 8. After the formation of a limited partnership,...
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Laws

Illinois - Law - 1917 - 880 pages
...certificate who knew the statement to be false (a) At the time he signed the certificate, or § 7. A limited partner shall not become liable as a general...partner, he takes part in the control of the business. § 8. After the formation of a limited partnership, additional limited partners may be admitted upon...
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Public Acts of the State of Tennessee Passed by the General Assembly

Tennessee - Law - 1919 - 996 pages
...provided in Section 25 (3). SEC. 7. Be it further enacted, That (Limited partner not liable to creditors). A limited partner shall not become liable as a general...partner, he takes part in the control of the business. SEC. 8. Be it further enacted, That (Admission of additional limited partners.) After the formation...
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The Laws of Wisconsin

Wisconsin - Session laws - 1919 - 1744 pages
...within a sufficient time before the (Limited partner not liable to creditors.) Section 1703 — 7. A limited partner shall not become liable as a general...partner, he takes part in the control of the business. (Admission of additional limited partners.) Section 1703 — 8. After the formation of a limited partnership,...
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Acts of the Legislature of the State of New Jersey

New Jersey - Law - 1919 - 828 pages
...become liable as a Liability as general partner unless, in addition to the exercise of £«.era 1>ar his rights and powers as a limited partner, he takes part in the control of the business. 8. After the formation of a limited partnership, ad- Additional ditional limited partners may be admitted...
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Elements of the Law of Partnership

Floyd Russell Mechem - Partnership - 1920 - 552 pages
...cancellation or amendment as provided in Section 25 (3). SEC. 7. [Limited Partner Not Liable to Creditors.] A limited partner shall not become liable as a general...partner, he takes part in the control of the business. SEC. 8. [Admission of Additional Limited Partners.] After the formation of a limited partnership, additional...
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Uniform State Laws in the United States

Charles Thaddeus Terry - Uniform state laws - 1920 - 708 pages
...amendment as provided in Section 25 (3;. Section 7. — (Limited Partner not Liable to Creditors.) — A limited partner shall not become liable as a general...addition to the exercise of his rights and powers аз а limited partner, he takes part in the control of the business. Section 8. — (Admission of...
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