Page:United States Statutes at Large Volume 76A.djvu/294

–198– -198§ 3083. Powers of partners in liquidation; restriction regarding obligations (a) A partner authorized to act in liquidation may: (1) collect, compromise, or release any debts due to the partnership; (2) pay or compromise any claims against the partnership; (3) dispose of the property of the partnership; and (4) indorse, in the name of the partnership, promissory notes or other obligations held by the partnership for the purpose of collecting them. (b) A partner authorized to act in liquidation may not create any new obligations in the name of the partnership or revive a debt against the firm, by an acknowledgment, when an action thereon is barred by Title 5. CHAPTER 83—SPECIAL PARTNERSHIP 8UBCHAPTEE I

GENERAL PROVISIONS

Sec.

3121. 3122. 3123. •'!124. 312.^. 312G. 3127.

Formation of special partnership. Composition of special partnership. Certified statement. AckiiowledgiueTit and recordation of certificates; false statements. AflSdavit as to sums contributed. Compliance with sections 3121-3125. Renewal of special partnership. SUBCHAPTER II

3151. 3152. 3153. 3154. 3155. 3156. 3157.

POWERS, EIGHTS, AND DUTIES OF PARTNERS

Transaction of business by general partners. Powers of special partners; claims. Actions by and against general partners. Withdrawal of capital. Interest and profits. Result of withdrawing capital. Preference transfers void. SUBCHAPTER III—SUABILITY OF PABTNEBS

3181. 3182. 3183. 3184.

Liability of general partners. Liability of special partners. Liability for unintentional act. Who may question existence of special partnership. SUBCHAPTER IV—ALTERATION AND DISSOLUTION

3201. 3202. 3203. 3204.

When special partnership becomes general. Admission of new special partners. Dissolution of special partnership; notice. Use of name of special partner.

Subchapter I—General Provisions § 3121. Formation of special partnership A special partnership may be formed by two or more persons, in the manner and with the effect prescribed in this chapter, for the transaction of any business except banking or insurance by an insurer. § 3122. Composition of special partnership A special partnership may consist of one or more persons called general partners, and one or more persons called special partners. § 3123. Certified statement Persons desirous of forming a special partnership shall severally sign a certificate, stating the: (1) name under which the partnership is to be conducted; (2) general nature of the business intended to be transacted;

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