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Session Laws, 1880
Volume 395, Page 327   View pdf image (33K)
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WILLIAM T. HAMILTON, ESQUIRE, GOVERNOR. 327

SEC. 4. And be it enacted, That this act shall

Effective.

take effect from the date of its passage.


Approved April 10, 1880.


CHAPTEE 203.


AN ACT to repeal section twelve of article seventy-


two of the Code of Public General Laws, title


" Partnerships limited," and to re-enact the same


with amendments.


SECTION 1. Be it enacted by the General Assembly


of Maryland, That section twelve of article seven-
ty-two of the Code of Public General Laws, title

Repealed and
re-enacted.

" Partnerships limited," be and the same is hereby


repealed and re-enacted to read as follows :


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 part-


ner, and the general partners only shall transact the


business; and if a special partner shall interfere,

Special part-

contrary to this provision, he shall be deemed a gen-

ners.

eral partner; but he may from time to time ex-


amine 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 paid word " limited," together with the


name of the special partner, 'and his designation, a


" special partner," be placed upon all signs used by


the partnership, and be printed upon the bills, notes,


checks, letters and other papers ordinarily used by


the partnership in the course of its business, the


special partner may take part in transacting the
business of the partnership without being deemed on


this account a general partner.


Approved April 10, 1880.




 

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Session Laws, 1880
Volume 395, Page 327   View pdf image (33K)
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