Limited partnership definition
Examples of Limited partnership in a sentence
Consequently, a "Tax-Exempt Investor", which is defined as a qualified profit-sharing, pension or retirement trust, an HR-10 (K▇▇▇▇) Plan, or an Individual Retirement Account (I▇▇), should, in general, purchase Units of Limited partnership interest only when, considering all assets held by such plans, those prudence, liquidity and diversification requirements are satisfied.
No Partner may voluntarily withdraw or Transfer all or any portion of its Partnership Interest without the prior written consent of the General Partner, provided that a Limited Partner may transfer all or any portion of its Limited partnership Interest to another Partner or to the Company without such consent.
Limited partnership agreements provide certain tax benefits for the general partner and the limiteds.
Limited partnership name includes restricted words, phrases or abbreviations.
Limited partnership interests in the Partnership shall be represented by Units.