Section 121-106. Records  


Latest version.
  • (a)  Each  domestic  limited  partnership shall
      maintain the following records, which may, but need not,  be  maintained
      in this state:
        (1)  a current list of the full name and last known mailing address of
      each  partner  set  forth  in  alphabetical  order  together  with   the
      contribution  and  the  share  in  profits and losses of each partner or
      information from which such share can be readily derived;
        (2)  a  copy  of  the  certificate  of  limited  partnership  and  all
      amendments  thereto,  together  with  executed  copies  of any powers of
      attorney pursuant  to  which  any  certificate  or  amendment  has  been
      executed;
        (3)  a  copy  of the partnership agreement, any amendments thereto and
      any amended and restated partnership agreements; and
        (4) a copy of the limited  partnership's  federal,  state,  and  local
      income  tax  or  information  returns and reports, if any, for the three
      most recent fiscal years.
        (b) Any partner may, subject to reasonable standards  as  may  be  set
      forth  in  the  partnership  agreement  or  otherwise established by the
      general partners, inspect and copy at his own expense  for  any  purpose
      reasonably  related  to  the partner's interest as a partner the records
      referred to in subdivision (a) of this section, any financial statements
      maintained by the limited partnership for the three most  recent  fiscal
      years  and  other  information  regarding  the  affairs  of  the limited
      partnership as is just and reasonable.