Publisher's Synopsis
This is the first complete guide containing everything a lawyer needs to know from the birth to the death of a limited partnership. It includes complete coverage and in-depth discussion of the Delaware limited partnership law from 1983 through 2011 plus 40 useful forms prepared by the authors.
The text of every section of the Delaware Revised Uniform Limited Partnership Act, as revised from 1983 through 2011, is set out in full, showing additions and deletions in each version of the act. The explanations of every statutory section cover all practical aspects of forming, operating, and dissolving a limited partnership. Thorough explanations of statutory provisions are integrated with detailed analysis of case law from Delaware.
Plus, timely coverage is given to critical legal issues:
- Fiduciary duties of the partners
- Protections related to the liability of limited partners
- Defining the financial aspects of the limited partnership
- General and limited partners
- Reorganization of a limited partnership with or into other types of business entities
- Foreign limited partnerships
- Derivative actions
- Indemnification rights that can be granted to partners under a partnership agreement
- Delaware limited liability companies
