666 LAWS OF MARYLAND. [CH. 280

SEC. 22F. Rules of Construction.

SEC. 22G. Rules for Cases not Provided for in This Act.

SEC. 22H. Provisions for Existing Limited Partnerships.

SECTION 1. (Limited Partnership Defined.) A limited
partnership is a partnership formed by two or more persons
under the provisions of Section 2, having as members one or
more general partners and one or more limited partners. The
limited partners as such shall not be bound by the obligations
of the partnership.

SEC. 2. (Formation.) (1) Two or more persons desiring
to form a limited partnership shall

(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 mem--
ber, 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 compensa-
tion by way of income which each limited partner shall
receive by reason of his contribution,

X. The right, if given, of a limited partner to sub-
stitute an assignee as contributor in his place, and the
terms and conditions of the substitution,

XI. The right, if given, of the partners to admit ad-
ditional limited partners,

XII. The right, if given, of one or more of the lim-
ited partners to priority over other limited partners, as
to contributions or as to compensation by way of in-
come, 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