Alabama Code (Last Updated: November 28, 2014) |
Title10A ALABAMA BUSINESS AND NONPROFIT ENTITIES CODE. |
Chapter9. ALABAMA UNIFORM LIMITED PARTNERSHIP LAW OF 2010. |
Article1. General Provisions. |
§10A-9-1.05. Powers.
Latest version.
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A limited partnership has the powers to do all things necessary or convenient to carry on its activities, including the power to sue, be sued, and defend in its own name and to maintain an action against a partner for harm caused to the limited partnership by a breach of the partnership agreement or violation of a duty to the partnership.