Document Type
Article
Publication Date
5-1969
ISSN
0017-811X
Publisher
Harvard Law Review Association
Language
en-US
Abstract
Under the Uniform Limited Partnership Act, a limited partner may become generally liable if "in addition to the exercise of his rights and powers as a limited partner, he takes part in the control of the business." Although the Act is now over fifty years old, no satisfactory standard of "control" has been enunciated, and no definition of the "rights and powers" of a limited partner has been forthcoming. Mr. Feld examines the ambiguities in the statutory language and the dilemma in which they place counsel seeking to advise his clients, and concludes that the Act is due for an overhaul.
Recommended Citation
Alan L. Feld,
The Control Test for Limited Partnerships
,
in
82
Harvard Law Review
1471
(1969).
Available at:
https://scholarship.law.bu.edu/faculty_scholarship/2410
Included in
Business Organizations Law Commons, Legal Writing and Research Commons, Legislation Commons
