LD 1609
pg. 85
Page 84 of 146 PUBLIC Law Chapter 543 Page 86 of 146
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LR 1469
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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

 
information

 
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


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