PARRIS N. GLENDENING, Governor                             Ch. 654

(c)     "Consent" means a writing consenting to a specified act or event.

(d)     "Contribution" means any cash, property, services rendered, or a promissory
note or other binding obligation to contribute cash or property or to perform services,
which a partner contributes as capital to a limited partnership in that individual's capacity
as a partner.

(e)     "Event of withdrawal of a general partner" means an event that causes a
person to cease to be a general partner as provided in § 10-402 OF THIS TITLE.

(f)      "Foreign limited partnership" means a partnership formed under the laws of
any state other than the State of Maryland or under the laws of a foreign country and
having as partners one or more general partners and one or more limited partners.

(g)     "General partner" means a person who has been admitted to a limited
partnership as a general partner in accordance with the partnership agreement and has
been named as a general partner in the certificate or similar instrument of the state or
foreign country under which the limited partnership is organized if so required.

(h) "Limited partner" means a person who has been admitted to a limited
partnership as a limited partner in accordance with the partnership agreement and has
been named as a limited partner in the certificate or similar instrument of the state or
foreign country under which the limited partnership is organized if so required.

(i) "Limited partnership" and "domestic limited partnership" mean a partnership
formed by two or more persons under the laws of the State and having one or more
general partners and one or more limited partners.

(j) "Partner" means a limited or general partner.

(K) "PARTNERSHIP" MEANS A PARTNERSHIP FORMED UNDER § 9-202 OF THIS
ARTICLE, OR ANY PREDECESSOR LAW, BUT NOT INCLUDING A DOMESTIC OR
FOREIGN LIMITED PARTNERSHIP.

[(k)](L) "Partnership agreement" means any valid agreement, written or oral, of
the partners as to the affairs of a limited partnership and the conduct of its business.

[(I)] (M) "Partnership interest" means a partner's share of the profits and losses
of a limited partnership and the right to receive distributions of partnership assets.

[(m)](N) "Person" means a natural person, partnership, limited partnership
(domestic or foreign), LIMITED LIABILITY COMPANY, trust, estate, association, or
corporation.

[(n)](O) "State" means a state, territory, possession, or district of the United
States.

10-106.

A limited partnership may carry on any business that a partnership [ without
limited partners] may carry on, except the business of acting as an insurer.

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