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522 LIMITED PARTNERSHIPS. [ART. LXXIII
(a) Sign and swear to a certificate, which shall state
I. The name of the partnership,
II. The character of the business,
III. The location of the principal place of business,
IV. The name and place of residence of each member, general and
limited partners being respectively designated,
V. The term for which the partnership is to exist,
VI. The amount of cash and a description of and the agreed value
of the other property contributed by each limited partner,
VII. The additional contributions, if any, agreed to be made by
each limited partner and the times at which or events on the happening
of which they shall be made,
VIII. The time, if agreed upon, when the contribution of each
limited partner is to be returned,
IX. The share of the profits or the other compensation by way of
income which each limited partner shall receive by reason of his con-
tribution,
X. The right, if given, of a limited partner to substitute an assignee
as contributor in his place, and the terms and conditions of the substi-
tution,
XI. The right, if given, of the partners to admit additional limited
partners,
XII. The right, if given, of one or more of the limited partners to
priority over other limited partners, as to contributions or as to com-
pensation by way of income, and the nature of such priority,
XIII. The right, if given, of the remaining general partner or
partners to continue the business on the death, retirement or insanity
of a general partner, and
XIV. The right, if given, of a limited partner to demand and
receive property other than cash in return for his contribution.
(b) File for record the certificate in the office of Circuit Court of
the County or the Superior Court of Baltimore City.
(2) A limited partnership is formed if there has been substantial
compliance in good faith with the requirements of paragraph (1).
1918, ch. 280, sec. 3.
3. (BUSINESS WHICH MAY BE CARRIED ON.) A limited partner-
ship may carry on any business which a partnership without limited
partners may carry on, except making insurance.
1918, ch. 280, sec. 4.
4. (CHARACTER OF LIMITED PARTNER'S CONTRIBUTION.) The con-
tributions of a limited partner may be cash or other property, but not
services.
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