California Corporations Code

§ 15904.06

CORP § 15904.06 Effective Jan 1, 2007Title 2 · Ch. 4.5 · Art. 4

Statute text

(a)Each general partner has equal rights in the management and conduct of the limited partnership’s activities. Except as expressly provided in this chapter, any matter relating to the activities of the limited partnership may be exclusively decided by the general partner or, if there is more than one general partner, by a majority of the general partners.

(b)The consent of each partner is necessary to:

(1)amend the partnership agreement; and

…

Legislative history

Added by Stats. 2006, Ch. 495, Sec. 20. Effective January 1, 2007. Section operative January 1, 2008, pursuant to Section 15912.04.