1954

LAWS OF MARYLAND

[Ch. 311

(1)      UNDER A RIGHT SO TO DO STATED IN THE
CERTIFICATE; OR

(2)   WITH THE CONSENT OF ALL MEMBERS.

REVISOR'S NOTE: This section presently appears as
Art. 73, §20.

The only changes are technical changes in
punctuation.

10-120. DEATH OF LIMITED PARTNER.

(A)   ON THE DEATH OF A LIMITED PARTNER HIS PERSONAL
REPRESENTATIVE SHALL HAVE ALL THE RIGHTS OF A LIMITED
PARTNER FOR THE PURPOSE OF SETTLING HIS ESTATE, AND SUCH
POWER AS THE DECEASED HAD TO CONSTITUTE HIS ASSIGNEE A
SUBSTITUTED LIMITED PARTNER.

(B)   THE ESTATE OF A DECEASED LIMITED PARTNER SHALL
BE LIABLE FOR ALL HIS LIABILITIES AS A LIMITED PARTNER.

REVISOR'S NOTE: This section presently appears as
Art. 73, §21.

In subsection (a) of this section, the fiords
"personal representative" are substituted for
"executor or administrator" to conform to
other parts of the Code; in this regard, see
Art. 1, §5 of the Code.

The only other changes are technical changes
in style.

10-121. RIGHTS OF CREDITORS OF LIMITED PARTNER.

(A)    ON DUE APPLICATION TO A COURT OF COMPETENT
JURISDICTION BY ANY JUDGMENT CREDITOR OF A LIMITED
PARTNER, THE COURT MAY CHARGE THE INTEREST OF THE
INDEBTED LIMITED PARTNER WITH PAYMENT OF THE UNSATISFIED
AMOUNT OF THE JUDGMENT DEBT; AND MAY APPOINT A RECEIVER,
AND MAKE ALL OTHER ORDERS, DIRECTIONS, AND INQUIRIES
WHICH THE CIRCUMSTANCES OF THE CASE MAY REQUIRE.

(B)    THE INTEREST MAY BE REDEEMED WITH THE SEPARATE
PROPERTY OF ANY GENERAL PARTNER, BUT MAY NOT BE REDEEMED
WITH PARTNERSHIP PROPERTY.

(C)    THE REMEDIES CONFERRED BY SUBSECTION (A) OF
THIS SECTION SHALL NOT BE DEEMED EXCLUSIVE OF OTHERS
WHICH MAY EXIST.

(D)    NOTHING IN THIS TITLE SHALL BE HELD TO DEPRIVE
A LIMITED PARTNER OF HIS STATUTORY EXEMPTION.