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The Annotated Code of the Public General Laws of Maryland, 1918
Volume 374, Page 529   View pdf image (33K)
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ART. LXXIII] LIMITED PARTNERSHIPS. 529
1918, ch. 280, sec. 22B.
22B. (WHEN CERTIFICATE SHALL BE CANCELLED OR AMENDED.)
(1) The certificate shall be cancelled when the partnership is dissolved
or all limited partners cease to be such.
(2) A certificate shall be amended when
(a) There is a change in the name of the partnership or in the
amount or character of the contribution of any limited partner,
(b) A person is substituted as a limited partner,
(c) An additional limited partner is admitted,
(d) A person is admitted as a general partner,
(e) A general partner retires, dies, or becomes insane, and the busi-
ness is continued under Section 20,
(f) There is a change in the character of the business of the partner
ship,
(g) There is a false or erroneous statement in the certificate,
(h) There is a change in the time as stated in the certificate for the
dissolution of the partnership or for the return of a contribution,
(i) A time is fixed for the dissolution of the partnership, or the
return of a contribution, no time having been specified in the certifi-
cate, or
(j) The members desire to make a change in any other statement in
the certificate in order that it shall accurately represent the agreement
between them.
1918, ch. 280, sec. 22C.
22C. (REQUIREMENTS FOR AMENDMENT AND FOR CANCELLATION
OF CERTIFICATE. ) (1) The writing to amend a certificate shall
(a) Conform to the requirements of Section 2 (la) as far as neces-
sary to set forth clearly the change in the certificate which it is desired
to make, and
(b) Be signed and sworn to by all members, and an amendment sub-
stituting a limited partner or adding a limited or general partner shall
be signed also by the member to be substituted or added, and when a
limited partner is to be substituted, the amendment shall also be signed
by the assigning limited partner.
(2) The writing to cancel a certificate shall be signed by all mem-
bers.
(3) A person desiring the cancellation or amendment of a certificate,
if any person designated in paragraphs (1) and (2) as a person who
must execute the writing refuses to do so, may petition the Circuit
Court of the County or the Superior Court of Baltimore City to direct
a cancellation or amendment thereof.
(4) If the court finds that the petitioner has a right to have the writ-
ing executed by a person who refuses to do so, it shall order the Clerk


 
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The Annotated Code of the Public General Laws of Maryland, 1918
Volume 374, Page 529   View pdf image (33K)
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