HARRY HUGHES, Governor

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section to renounce his interest in the profits of the
business or other compensation upon ascertaining his
mistaken status in order to avoid liability, but other
corrective action is allowed here. Subsection (b) makes it
clear, however, that a person making such a contribution
must take prompt action.

10-305. INFORMATION.

EACH LIMITED PARTNER HAS THE RIGHT TO OBTAIN FROM THE
GENERAL PARTNERS UPON REASONABLE DEMAND:

(1)  TRUE AND FULL INFORMATION REGARDING THE
STATE OF THE BUSINESS AND FINANCIAL CONDITION OF THE LIMITED
PARTNERSHIP; AND

(2)  OTHER INFORMATION REGARDING THE AFFAIRS OF
THE LIMITED PARTNERSHIP AS IS JUST AND REASONABLE.

COMMENT

This section restates the rights of limited partners to
information about the partnership formerly provided by §
10-109(a)(2) of the previous Limited Partnership Act (§ 10
of the prior uniform law).

SUBTITLE 4. GENERAL PARTNERS

10-401. ADMISSION OF ADDITIONAL GENERAL PARTNERS.

AFTER THE FILING OF THE INITIAL CERTIFICATE, ADDITIONAL
GENERAL PARTNERS MAY BE ADMITTED WITH THE CONSENT OF ALL
PARTNERS.

COMMENT

This section is derived from § 10-108(5) of the prior
Limited Partnership Law (subdivision 9(l)(e) of the prior
uniform law) and carries over the unwaivable requirement
that all limited partners must consent to the admission of
an additional general partner and that such consent must
specifically identify the general partner involved. The
requirement of written consent will not be satisfied by any
form of blanket consent permitting the admission of new
general partners.

10-402. EVENTS OF WITHDRAWAL.

A PERSON CEASES TO BE A GENERAL PARTNER OF A LIMITED
PARTNERSHIP UPON THE HAPPENING OF ANY OF THE FOLLOWING
EVENTS:

(1)  THE PERSON'S WITHDRAWAL FROM THE LIMITED
PARTNERSHIP AS PROVIDED IN § 10-602;

(2)  THE PERSON'S REMOVAL AS A GENERAL PARTNER IN
ACCORDANCE WITH THE PARTNERSHIP AGREEMENT;