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Session Laws, 1988
Volume 770, Page 3668   View pdf image
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Ch. 550

LAWS OF MARYLAND

(8)  Any provisions required to be in the certificate
under § 10-402(3) or (4) of this article, and if agreed upon, the
time at which or the events on the happening of which a partner
may withdraw from the limited partnership and the amount of, or
the method of determining, the distribution to which the partner
may be entitled respecting his partnership interest, and the
terms and conditions of the withdrawal and distribution;

(9)  Any right of a partner to receive distributions
of property, including cash from the limited partnership;

(10)  Any right of a limited partner to receive, or of
a general partner to make, distributions to a limited partner
which include a return of all or any part of the limited
partner's contribution;

(11)  Any time at which or events upon the happening
of which the limited partnership is to be dissolved and its
affairs wound up;

(12)  Any right of the remaining general partners to
continue the partnership on the happening of an event of
withdrawal of a general partner; and

(13)  Any other matters the partners determine to
include.]

(A) ONE OR MORE GENERAL AND LIMITED PARTNERS MAY FORM A
LIMITED PARTNERSHIP. TO DO SO ALL OF THE GENERAL PARTNERS MUST
EXECUTE A CERTIFICATE OF LIMITED PARTNERSHIP. THE CERTIFICATE OF
LIMITED PARTNERSHIP SHALL BE FILED WITH THE DEPARTMENT AND SET
FORTH:

(1)  THE NAME OF THE LIMITED PARTNERSHIP;

(2)  THE ADDRESS OF ITS PRINCIPAL OFFICE IN THIS STATE
AND THE NAME AND ADDRESS OF ITS RESIDENT AGENT;

(3)  THE NAME AND THE BUSINESS, RESIDENCE, OR MAILING
ADDRESS OF EACH GENERAL PARTNER;

(4)  THE LATEST DATE UPON WHICH THE LIMITED
PARTNERSHIP IS TO DISSOLVE; AND

(5)  ANY OTHER MATTERS THE PARTNERS DETERMINE TO
INCLUDE IN THE CERTIFICATE OF LIMITED PARTNERSHIP.

10-203.

(a) A certificate shall be [cancelled] CANCELED on the
dissolution and the [commencement] COMPLETION of winding up of
the partnership, or at any other time that there are no limited
partners. A CERTIFICATE NEED NOT BE CANCELED UPON A MERGER AS

- 3668 -

 

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Session Laws, 1988
Volume 770, Page 3668   View pdf image
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