| | |
incurred by the general partner in the ordinary course of the | | activities of the partnership or for the preservation of its | | activities or property. |
|
| | | 4.__Advances by general partner.__A limited partnership shall | | reimburse a general partner for an advance to the limited | | partnership beyond the amount of capital the general partner | | agreed to contribute. |
|
| | | 5.__Payment or advance constitutes loan.__A payment or advance | | made by a general partner that gives rise to an obligation of the | | limited partnership under subsection 3 or 4 constitutes a loan to | | the limited partnership that accrues interest from the date of | | the payment or advance. |
|
| | | 6.__No remuneration.__A general partner is not entitled to | | remuneration for services performed for the partnership. |
|
| | | §1357.__Right of general partner and former general partner to |
|
| | | 1.__Right to inspect and copy.__A general partner, without | | having any particular purpose for seeking the information, may | | inspect and copy during regular business hours: |
|
| | | A.__In the limited partnership's designated office, required | | information; and |
|
| | | B.__At a reasonable location specified by the limited | | partnership, any other records maintained by the limited | | partnership regarding the limited partnership's activities | | and financial condition. |
|
| | | 2.__Information furnished to general partner.__Each general | | partner and the limited partnership shall furnish to a general | | partner: |
|
| | | A.__Without demand, any information concerning the limited | | partnership's activities and activities reasonably required | | for the proper exercise of the general partner's rights and | | duties under the partnership agreement or this chapter; and |
|
| | | B.__On demand, any other information concerning the limited | | partnership's activities, except to the extent the demand or | | the information demanded is unreasonable or otherwise | | improper under the circumstances. |
|
| | | 3.__Right of dissociated general partner.__Subject to | | subsection 5, on 10 days' demand made in a record received by the | | limited partnership, a person dissociated as a general partner |
|
|