Section 121-404. Contributions by a general partner  


Latest version.
  • A general partner of a
      limited partnership shall make contributions to the limited  partnership
      and  share  in the profits and losses of, and in distributions from, the
      limited partnership as a general partner. A  person  who  is  a  general
      partner  also  may  make contributions and share in profits, losses, and
      distributions as a limited partner. A  person  who  is  both  a  general
      partner  and a limited partner has the rights and powers, and is subject
      to the restrictions and liabilities, of a general partner and, except as
      provided in the partnership agreement, also has the rights  and  powers,
      and  is  subject to the restrictions, of a limited partner to the extent
      of his participation in the partnership as a limited partner.