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ART. 73]
PARTNERSHIP——LIMITED.
1609
ARTICLE LXXIII
PARTNERSHIPS—LIMITED.
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1. May be formed.
2. General partners; special partners.
3. Certificate of limited partnership;
what to contain.
4. How acknowledged.
5. Affidavit of general partner.
6. Limited partnership not to be
deemed formed until certificate
made, acknowledged and record-
ed, and affidavit made and filed.
7. Publications of terms of partner-
ship in newspapers.
8. Affidavits of publishers of newspa-
pers to be filed with clerk.
9. Renewal to be made In like manner.
10. Alteration in names of partners,
nature of business, or in the cap-
ital to be deemed a dissolution.
11. How business may be conducted.
12. When special partner shall be lia-
ble as general partner.
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13. Capital of special partner not to be
withdrawn.
14. Special partner bound to restore
withdrawn capital.
15. Transfers of copartnership prop-
erty, with Intent to give prefer-
ences, to be void.
16. Transfers of property of general or
special partners, with Intent to
give preferences, to be void.
17. Special partner violating sections 15
and 16 shall be liable as general
partner.
18. Creditors to be paid before special
partner.
19. How suits are to be brought by or
against partnership.
20. Proceedings where special partners
sued are found not to be liable.
21. Dissolution.
22. Partners liable to account to each
other.
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1904. art. 73, sec. 1. 1888, art. 73, sec. 1. 1860, art. 72, sec. 1. 1836, ch. 97, sec. 1.
1880, ch. 482.
1. Limited partnerships for the transaction of any mercantile,
mechanical, manufacturing or banking business within this State may
be formed by two or more persons upon the terms, with the rights and
powers, and subject to the conditions and liabilities herein prescribed;
but the provisions of this article shall not be construed to authorize any
such partnership for the purpose of making insurance.
A limited partnership may be formed for a general banking, commission
and brokerage business in stocks, bonds and other securities. Safe Deposit
Co. v. Cahn, 102 Md. 544.
For a limited partnership formed in compliance with all of the formalities
prescribed by this article, see Lineweaver v. Slagle, 64 Md. 480.
See sec. 6.
Ibid. sec. 2. 1888, art. 73, sec. 2. 1860, art. 72, sec. 2. 1836, ch. 97, sec. 2.
2. Such partnership may consist of one or more persons, who shall
be called general partners and who shall be jointly and severally respon-
sible as general partners are by law, and of one or more persons who
shall contribute in actual cash payments a specific sum as capital to the
common stock, who shall be called special partners and who shall not be
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