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The Maryland Code, Public General Laws, 1888
Volume 389, Page 1075   View pdf image
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ART. 73.] HOW CONDUCTED. 1075

P. G. L., (1860,) art. 72, sec. 10. 1836, ch. 97, sec. 10.

10. Every alteration which shall be made in the names of the
partners, in the nature of the business, or in the capital or shares
thereof, or in any other matter specified in the original certificate,
shall be deemed a dissolution of the partnership; and every such
partnership which shall in any manner be carried on after any
such alteration shall have been made, shall be deemed a general
partnership, unless renewed as a special partnership, under the
provisions of the preceding section.

Ibid. sec. 11. 1849, ch. 347, sec. 1. 1888, ch. 512.

11. The business of the partnership may be conducted under
the name of any one or more of the general partners, and with or
without the addition of the word Co. or company, as the parties
may determine; and in any action or suit to be brought on any
contract or engagement of the partnership, or to enforce any
liability of the same, the general partner whose name is used in
said firm or business, shall be the only necessary party defendant;
and any judgment or decree recovered against said defendant,
shall have the same legal effect and operation, and execution
thereon shall be enforced and have like effect as if the judgment
or decree had been recovered against all the general partners;
provided, that no such judgment shall operate as a lien upon the
real estate or chattels real of any general partner not named as a
defendant in said case to the prejudice of any bona fide purchaser
without notice.

Ibid sec. 12. 1836, ch. 97, sec. 11. 1880, ch. 203.

12. With the exceptions hereinafter stated, if the name of any
special partner shall be used in the firm with his privity, he shall
be deemed a general partner, and the general partners only shall
transact the business; and if a special partner shall interfere, con-
trary to this provision, he shall be deemed a general partner; but
he may from time to time examine into the state and progress of
the partnership concerns, and advise as to their management; but
if the word "limited " be used as part of the firm name, and if
said word "limited," together with the name of the special part-
ner, and his designation, a " special partner," be placed upon all
signs used by the partnership, and be printed upon the bills, notes,

 

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The Maryland Code, Public General Laws, 1888
Volume 389, Page 1075   View pdf image
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