Conn. Gen. Stat. § 34-20
Contributions and sharing in profits, losses and distributions by general partners. Rights, powers, restrictions and liabilities of general partners who are also limited partners
Connecticut · General Statutes of Connecticut Chapter 610 — Uniform Limited Partnership Act · Status: effective
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- Citation
- Conn. Gen. Stat. § 34-20, Contributions and sharing in profits, losses and distributions by general partners. Rights, powers, restrictions and liabilities of general partners who are also limited partners, Connecticut, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2199798
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Full text
A general partner of a limited partnership may make contributions to the partnership and share in the profits and losses of, and in distributions from, the limited partnership as a general partner. A general partner also may make contributions to and share in profits, losses, and distributions as a limited partner. A person who is both a general partner and a limited partner shall have all the rights and powers and be subject to all the restrictions and liabilities of a general partner and, except as provided in the partnership agreement, shall also have the powers, and is subject to the restrictions of a limited partner to the extent of his participation in the partnership as a limited partner.