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103. The certificate of limited partnership shall state the following, except:

103. The certificate of limited partnership shall state the following, except:

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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103. The certificate of limited partnership shall state the following, except: O a. The right, if given, of the partners to admit additional limited partners. b. The right, if given, of a general partner to demand and receive property other than cash in return for his contribution. c. The right, if given, of one or more of the limited partners to priority over other O limited partners, as to contributions or as to compensation by way of income, and the nature of such priority. d. The right, if given, of the remaining general partner or partners to continue the O business on the death, retirement, civil interdiction, insanity or insolvency of a general partner.
Transcribed Image Text:103. The certificate of limited partnership shall state the following, except: O a. The right, if given, of the partners to admit additional limited partners. b. The right, if given, of a general partner to demand and receive property other than cash in return for his contribution. c. The right, if given, of one or more of the limited partners to priority over other O limited partners, as to contributions or as to compensation by way of income, and the nature of such priority. d. The right, if given, of the remaining general partner or partners to continue the O business on the death, retirement, civil interdiction, insanity or insolvency of a general partner.
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