Beruflich Dokumente
Kultur Dokumente
ABSTRACT
Under Article 1848 of the New Civil Code, limited partners are
generally not liable for the obligations of the limited partnership unless they
take part in the control of the business. However, the aforementioned law is
silent as to the meaning of “taking part in the control of the business”. Easily
definition of the "rights and powers" of a limited partner has been provided.
partner without such limited partner being deemed to be "taking part in the
adopted in some states of the United States of America as taken from the
Uniform Limited Partnership Act and in the country of New Zealand. Also, an