Section 98. Rights, powers and liabilities of a general partner  


Latest version.
  • (1) A
      general partner shall have all the rights and powers and be  subject  to
      all  the  restrictions  and  liabilities  of  a partner in a partnership
      without limited partners, except that without  the  written  consent  or
      ratification  of the specific act by all the limited partners, a general
      partner or all of the general partners have no authority to
        (a) Do any act in contravention of the certificate.
        (b) Do any act which would make it impossible to carry on the ordinary
      business of the partnership.
        (c) Confess a judgment against the partnership.
        (d) Possess partnership property, or assign their rights  in  specific
      partnership property, for other than a partnership purpose.
        (e) Admit a person as a general partner.
        (f)  Admit a person as a limited partner, unless the right so to do is
      given in the certificate.
        (g) Continue the business with  partnership  property  on  the  death,
      retirement  or  insanity of a general partner, unless the right so to do
      is given in the certificate.