1956

LAWS OF MARYLAND

[Ch. 311

in punctuation.
10-123. WHEN CERTIFICATE SHALL BE CANCELLED OR AMENDED.

(A)   THE CERTIFICATE SHALL BE CANCELLED WHEN THE
PARTNERSHIP IS DISSOLVED OR ALL LIMITED PARTNERS CEASE TO
BE SUCH.

(B)   A CERTIFICATE SHALL BE AMENDED WHEN:

(1) THERE IS A CHANGE IN THE NAME OF THE
PARTNERSHIP OR IN THE AMOUNT OR CHARACTER OF THE
CONTRIBUTION OF ANY LIMITED PARTNER;

	(2)	A PERSON IS SUBSTITUTED AS A LIMITED
PARTNER;
	(3)	AN ADDITIONAL LIMITED PARTNER IS
ADMITTED;
	(4)	A PERSON IS ADMITTED AS A GENERAL
PARTNER;

(5)    A GENERAL PARTNER RETIRES, DIES, OR
BECOMES INSANE, AND THE BUSINESS IS CONTINUED UNDER §
10-119 OF THIS TITLE;

(6)   THERE IS A CHANGE IN THE CHARACTER OF THE
BUSINESS OF THE PARTNERSHIP;

(7)   THERE IS A FALSE OR ERRONEOUS STATEMENT
IN THE CERTIFICATE;

(8)    THERE IS A CHANGE IN THE TIME AS STATED
IN THE CERTIFICATE FOR THE DISSOLUTION OF THE PARTNERSHIP
OR FOR THE RETURN OF A CONTRIBUTION;

(9)   A TIME IS FIXED FOR THE DISSOLUTION OF
THE PARTNERSHIP, OR THE RETURN OF A CONTRIBUTION, NO TIME
HAVING BEEN SPECIFIED IN THE CERTIFICATE; OR

(10)    THE MEMBERS DESIRE TO MAKE A CHANGE IN
ANY OTHER STATEMENT IN THE CERTIFICATE IN ORDER THAT IT
SHALL ACCURATELY REPRESENT THE AGREEMENT BETWEEN THEM.

REVISOR'S NOTE: This section presently appears as
Art. 73, §24. A cross—reference is conformed.

The only other changes are technical changes
in punctuation.

10-124.        REQUIREMENTS

OF CERTIFICATE.

FOR AMENDMENT AND FOR CANCELLATION