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Business Organizations Law

Washington Law Review

Uniform Limited Partnership Act

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Investor Protection And The Revised Uniform Limited Partnership Act, Mary E. Brumder Dec 1980

Investor Protection And The Revised Uniform Limited Partnership Act, Mary E. Brumder

Washington Law Review

The 1976 ULPA is a definite improvement over the 1916 ULPA. The new Act, however, makes only slight changes in one of the important and problematic parts of the old Act—the role of limited partners. As it is likely that a number of legislatures will consider adoption of the 1976 ULPA in the near future, this comment is written to provide guidance in the area of the limited partner's role. After examining the role of the limited partner as it has evolved within the structure of the 1916 ULPA, this comment discusses changes made by the 1976 ULPA and recommends …


Investor Protection And The Revised Uniform Limited Partnership Act, Mary E. Brumder Dec 1980

Investor Protection And The Revised Uniform Limited Partnership Act, Mary E. Brumder

Washington Law Review

The 1976 ULPA is a definite improvement over the 1916 ULPA. The new Act, however, makes only slight changes in one of the important and problematic parts of the old Act—the role of limited partners. As it is likely that a number of legislatures will consider adoption of the 1976 ULPA in the near future, this comment is written to provide guidance in the area of the limited partner's role. After examining the role of the limited partner as it has evolved within the structure of the 1916 ULPA, this comment discusses changes made by the 1976 ULPA and recommends …