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Session Laws, 1918 Session
Volume 486, Page 675   View pdf image (33K)
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EMERSON C. HARRINGTON, GOVERNOR. 675

against a partnership, except where the object is to enforce a
limited partner's right against or liability to the partnership.

SEC. 22E. (Name of Act.) This act may be cited as The
Uniform Limited Partnership Act.

SEC. 22F. (Rules of Construction.) (1) The rule that
statutes in derogation of the common law are to be strictly con-
strued shall have no application to this act.

(2) This act shall be so interpreted and construed as to1
effect its general purpose to make uniform the law of those
states which enact it.

(3) This act shall, not be so construed as to impair the ob-
ligations of any contract existing when the act goes into effect,
nor to affect any action or proceedings begun or right accrued
before this act takes effect.

SEC. 22G. (Rules for Cases not Provided for in this Act.)
In any case not provided for in this act the rules of law and
equity, including the law merchant, shall govern.

SEC. 22H. (Provisions for Existing Limited Partner-
ships. ) (1) A limited partnership formed under any statute
of this state prior to the adoption of this act, may become a
limited partnership under this act by complying with the pro-
visions of Section 2 provided the certificate sets forth

(a) The amount of the original contribution of each
limited partner, and the time when the contribution was
made, and

(b) That the property of the partnership exceeds the
amount sufficient to discharge its liabilities to persons not
claiming as general or limited partners by an amount greater
than the sum of the contributions of its limited partners.
(2) A limited partnership formed under any statute of
this state prior to the adoption of this act, until or unless it
becomes a limited partnership under this act, shall continue to
be governed by the provisions of Article 73, Sections 1 to 22 of
Bagby's Annotated Code of Public General Laws of 1911, ex-
cept that such partnership shall not be renewed unless so pro-
vided in the original agreement.

SEC. 2. And be it further enacted, That except as affecting
existing limited partnerships to the extent set forth in Section
22H, the said Sections 1 to 22 of Article 73 of Bagby's An-
notated Code of Public General Laws of Maryland of 1911

 

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Session Laws, 1918 Session
Volume 486, Page 675   View pdf image (33K)
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