Section 322.12 — One Person Both General And Limited Partner.

MN Stat § 322.12 (2019) (N/A)
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A person may be a general and a limited partner in the same partnership at the same time.

A person who is a general, and also at the same time a limited, partner shall have all the rights and powers and be subject to all the restrictions of a general partner; except that, in respect to contribution, the person shall have the rights against the other members as if the person were not also a general partner.

History: (7364) 1919 c 498 s 12; 1986 c 444