91st General Assembly
Summary of HB0477
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House Sponsors:
CROSS.

Senate Sponsors:
RADOGNO

Short description: 
PARTNERSHIP-WITHDRWL OF PARTNR                                             

Synopsis of Bill as introduced:
        Amends the Revised Uniform  Limited  Partnership  Act.   Provides      
   that  a  limited partnership agreement controls when a general partner      
   may withdraw, and  may  provide  that  the  general  partner  may  not      
   withdraw  from  the partnership.  Provides that the agreement may also      
   provide that a general partner may not assign a  partnership  interest      
   in  a  limited  partnership prior to the dissolution and winding up of      
   the limited partnership.  Provides that unless a partnership agreement      
   provides otherwise, a limited partner may not withdraw from a  limited      
   partnership  prior  to  the  dissolution and winding up of the limited      
   partnership and that  a  partnership  agreement  may  provide  that  a      
   partnership  interest may not be assigned prior to the dissolution and      
   winding up of the limited partnership,  rather  than  that  a  limited      
   partner  may  withdraw  upon  6  months  notice  unless  the agreement      
   specifies otherwise.                                                        
        SENATE AMENDMENT NO. 1.                                                
        Changes "amendatory Act of 1999" to "amendatory Act of 2000".          
 
Last action on Bill: PUBLIC ACT.............................. 91-0840

   Last action date: 00-06-22

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


   END OF INQUIRY 



 Full Text  Bill Status