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A.__A judgment based on the same claim has been obtained | | against the limited partnership and a writ of execution on the | | judgment has been returned unsatisfied in whole or in part; |
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| | | B.__The limited partnership is a debtor in bankruptcy; |
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| | | C.__The general partner has agreed that the creditor need | | not exhaust limited partnership assets; |
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| | | D.__A court grants permission to the judgment creditor to | | levy execution against the assets of a general partner based | | on a finding that limited partnership assets subject to | | execution are clearly insufficient to satisfy the judgment, | | that exhaustion of limited partnership assets is excessively | | burdensome or that the grant of permission is an appropriate | | exercise of the court's equitable powers; or |
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| | | E.__Liability is imposed on the general partner by law or | | contract independent of the existence of the limited | | partnership. |
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| | | §1356.__Management rights of general partner |
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| | | 1.__General partner or partners.__Each general partner has | | equal rights in the management and conduct of the limited | | partnership's activities. Except as expressly provided in this | | chapter, any matter relating to the activities of the limited | | partnership may be exclusively decided by the general partner or, | | if there is more than one general partner, by a majority of the | | general partners. |
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| | | 2.__Consent required.__The consent of each partner is | | necessary to: |
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| | | A.__Amend the partnership agreement; |
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| | | B.__Amend the certificate of limited partnership to add or, | | subject to section 1440, delete a statement that the limited | | partnership is a limited liability limited partnership; and |
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| | | C.__Sell, lease, exchange or otherwise dispose of all, or | | substantially all, of the limited partnership's property, | | with or without the good will, other than in the usual and | | regular course of the limited partnership's activities. |
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| | | 3.__Payments by and liabilities of general partner.__A limited | | partnership shall reimburse a general partner for payments made | | and indemnify a general partner for liabilities |
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