clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
The Annotated Code of the Public General Laws of Maryland, 1918
Volume 374, Page 523   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space
ART. LXXIII] LIMITED PARTNERSHIPS. 523
1918, ch. 280, sec. 5.
5. (A NAME NOT To CONTAIN SURNAME OF LIMITED PARTNER;
EXCEPTIONS.) (1) The surname of a limited partner shall not appear
in the partnership name, unless
(a) It is also the surname of a general partner, or
(b) Prior to the time when the limited partner became such the
business had been carried on under a name in which his surname ap-
peared.
(2) A limited partner whose name appears in a partnership name
contrary to the provisions of paragraph (1) is liable as a general part-
ner to partnership creditors who extend credit to the partnership with-
out actual knowledge that he is not a general partner.
1918, ch. 280, sec. 6.
6. (LIABILITY FOR FALSE STATEMENTS IN CERTIFICATE.) If the
certificate contains a false statement, one who suffers loss by reliance
on such statement may hold liable any party to the certificate who knew
the statement to be false
(a) At the time he signed the certificate, or
(b) Subsequently, but within a sufficient time before the statement
was relied upon to enable him to cancel or amend the certificate, or to
file a petition for its cancellation or amendment as provided in Section
22C (3).
1918, ch. 280, sec. 7.
7. (LIMITED PARTNER NOT LIABLE TO CREDITORS.) A limited
partner shall not become liable as a general partner unless, in addition
to the exercise of his rights and powers as a limited partner, he takes
part in the control of the business.
1918, ch. 280, sec. 8.
8. (ADMISSION OF ADDITIONAL LIMITED PARTNERS.) After the
formation of a limited partnership, additional limited partners may be
admitted upon filing an amendment to the original certificate in accord-
ance with the requirements of Section 22C.
1918, ch. 280, sec. 9.
9. (RIGHTS, POWERS AND LIABILITIES OF A GENERAL PARTNER.)
(1) A general partner shall have all the rights and powers and be sub-
ject to all the restrictions and liabilities of a partner in a partnership
without limited partners, except that without the written consent or
ratification of the specific act by all the limited partners, a general part-
ner or all of the general partners have no authority to
(a) Do any act in contravention of the certificate,
(b) Do any act which would make it impossible to carry on the
ordinary business of the partnership,


 
clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
The Annotated Code of the Public General Laws of Maryland, 1918
Volume 374, Page 523   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  November 18, 2025
Maryland State Archives