reglab/housing_qa huggingface dataset:
FL Stat § 620.1305 (2021)
2021 Florida Statutes|Title XXXVI - Business Organizations|Chapter 620 - Partnership Laws|Part I - Florida Revised Uniform Limited Partnership Act of 2005 (Ss. 620.1101-620.2205)|620.1305 - Limited duties of limited partners.

620.1305 Limited duties of limited partners.—(1) A limited partner does not have any fiduciary duty to the limited partnership or to any other partner solely by reason of being a limited partner. To the extent a limited partner is vested with or delegated management powers or duties under the partnership agreement, the only fiduciary duties that such limited partner has to the limited partnership and the other partners with respect to the exercise of such powers or duties are those duties described in s. 620.1408, subject to the same standards and limitations that would apply to a general partner under that section with respect to the exercise of such powers or duties.(2) A limited partner shall discharge the duties to the limited partnership and the other partners under this act or under the partnership agreement and exercise any rights consistently with the obligation of good faith and fair dealing.(3) A limited partner does not violate a duty or obligation under this act or under the partnership agreement merely because the limited partner’s conduct furthers the limited partner’s own interest.History.—s. 17, ch. 2005-267.
FL Stat § 620.1306 (2021)
2021 Florida Statutes|Title XXXVI - Business Organizations|Chapter 620 - Partnership Laws|Part I - Florida Revised Uniform Limited Partnership Act of 2005 (Ss. 620.1101-620.2205)|620.1306 - Person erroneously believing self to be limited partner.

620.1306 Person erroneously believing self to be limited partner.—(1) Except as otherwise provided in subsection (2), a person that makes an investment in a business enterprise and erroneously but in good faith believes that the person has become a limited partner in the enterprise is not liable for the enterprise’s obligations by reason of making the investment, receiving distributions from the enterprise, or exercising any rights of or appropriate to a limited partner, if, on ascertaining the mistake, the person:(a) Causes an appropriate certificate of limited partnership, amendment, or statement of correction to be signed and delivered to the Department of State for filing; or(b) Withdraws from future participation as an owner in the enterprise by signing and delivering to the Department of State for filing a statement of withdrawal under this section.(2) A person that makes an investment described in subsection (1) is liable to the same extent as a general partner to any third party that enters into a transaction with the enterprise, believing in good faith that the person is a general partner, before the Department of State files a statement of withdrawal, certificate of limited partnership, amendment, or statement of correction to show that the person is not a general partner.(3) If a person makes a diligent effort in good faith to comply with paragraph (1)(a) and is unable to cause the appropriate certificate of limited partnership, amendment, or statement of correction to be signed and delivered to the Department of State for filing, the person has the right to withdraw from the enterprise pursuant to paragraph (1)(b) even if the withdrawal would otherwise breach an agreement with others that are or have agreed to become co-owners of the enterprise.History.—s. 17, ch. 2005-267.
FL Stat § 620.1401 (2021)
2021 Florida Statutes|Title XXXVI - Business Organizations|Chapter 620 - Partnership Laws|Part I - Florida Revised Uniform Limited Partnership Act of 2005 (Ss. 620.1101-620.2205)|620.1401 - Becoming general partner.

620.1401 Becoming general partner.—A person becomes a general partner:(1) As provided in the partnership agreement;(2) Under s. 620.1801(1)(c) following the dissociation of a limited partnership’s last general partner;(3) As the result of a conversion or merger involving the limited partnership under this act as provided for in the plan of conversion or merger; or(4) With the consent of all the partners.History.—s. 17, ch. 2005-267.
FL Stat § 620.1402 (2021)
2021 Florida Statutes|Title XXXVI - Business Organizations|Chapter 620 - Partnership Laws|Part I - Florida Revised Uniform Limited Partnership Act of 2005 (Ss. 620.1101-620.2205)|620.1402 - General partner agent of limited partnership.

620.1402 General partner agent of limited partnership.—(1) Each general partner is an agent of the limited partnership for the purposes of its activities. An act of a general partner, including the signing of a record in the partnership’s name, for apparently carrying on in the ordinary course the limited partnership’s activities or activities of the kind carried on by the limited partnership binds the limited partnership, unless the general partner did not have authority to act for the limited partnership in the particular matter and the person with which the general partner was dealing knew, had received a notification, or had notice under s. 620.1103(4) that the general partner lacked authority.(2) An act of a general partner which is not apparently for carrying on in the ordinary course the limited partnership’s activities or activities of the kind carried on by the limited partnership binds the limited partnership only if the act was approved by the other partners as provided in s. 620.1406.History.—s. 17, ch. 2005-267.
FL Stat § 620.1403 (2021)
2021 Florida Statutes|Title XXXVI - Business Organizations|Chapter 620 - Partnership Laws|Part I - Florida Revised Uniform Limited Partnership Act of 2005 (Ss. 620.1101-620.2205)|620.1403 - Limited partnership liable for general partner’s actionable conduct.

620.1403 Limited partnership liable for general partner’s actionable conduct.—(1) A limited partnership is liable for loss or injury caused to a person, or for a penalty incurred, as a result of a wrongful act or omission, or other actionable conduct, of a general partner acting in the ordinary course of activities of the limited partnership or with authority of the limited partnership.(2) If, in the course of the limited partnership’s activities or while acting with authority of the limited partnership, a general partner receives or causes the limited partnership to receive money or property of a person not a partner, and the money or property is misapplied by a general partner, the limited partnership is liable for the loss.History.—s. 17, ch. 2005-267.
FL Stat § 620.1404 (2021)
2021 Florida Statutes|Title XXXVI - Business Organizations|Chapter 620 - Partnership Laws|Part I - Florida Revised Uniform Limited Partnership Act of 2005 (Ss. 620.1101-620.2205)|620.1404 - General partner’s liability.

620.1404 General partner’s liability.—(1) Except as otherwise provided in subsections (2) and (3), all general partners are liable jointly and severally for all obligations of the limited partnership unless otherwise agreed by the claimant or provided by law.(2) A person that becomes a general partner of an existing limited partnership is not personally liable for an obligation of a limited partnership incurred before the person became a general partner.(3) An obligation of a limited partnership incurred while the limited partnership is a limited liability limited partnership, whether arising in contract, tort, or otherwise, is solely the obligation of the limited partnership. A general partner is not personally liable, directly or indirectly, by way of contribution or otherwise, for such an obligation solely by reason of being or acting as a general partner. This subsection applies despite anything inconsistent in the partnership agreement that existed immediately before the consent required to become a limited liability limited partnership under s. 620.1406.History.—s. 17, ch. 2005-267.
FL Stat § 620.1405 (2021)
2021 Florida Statutes|Title XXXVI - Business Organizations|Chapter 620 - Partnership Laws|Part I - Florida Revised Uniform Limited Partnership Act of 2005 (Ss. 620.1101-620.2205)|620.1405 - Actions by and against partnership and partners.

620.1405 Actions by and against partnership and partners.—(1) To the extent not inconsistent with s. 620.1404, a general partner may be joined in an action against the limited partnership or named in a separate action.(2) A judgment against a limited partnership is not by itself a judgment against a general partner. A judgment against a limited partnership may not be satisfied from a general partner’s assets unless there is also a judgment against the general partner.(3) A judgment creditor of a general partner may not levy execution against the assets of the general partner to satisfy a judgment based on a claim against the limited partnership, unless the partner is personally liable for the claim under s. 620.1404 and:(a) A judgment based on the same claim has been obtained against the limited partnership and a writ of execution on the judgment has been returned unsatisfied in whole or in part;(b) The limited partnership is a debtor in bankruptcy;(c) The general partner has agreed that the creditor need not exhaust limited partnership assets;(d) A court grants permission to the judgment creditor to levy execution against the assets of a general partner based on a finding that limited partnership assets subject to execution are clearly insufficient to satisfy the judgment, that exhaustion of limited partnership assets is excessively burdensome, or that the grant of permission is an appropriate exercise of the court’s equitable powers; or(e) Liability is imposed on the general partner by law or contract independent of the existence of the limited partnership.History.—s. 17, ch. 2005-267.
FL Stat § 620.1407 (2021)
2021 Florida Statutes|Title XXXVI - Business Organizations|Chapter 620 - Partnership Laws|Part I - Florida Revised Uniform Limited Partnership Act of 2005 (Ss. 620.1101-620.2205)|620.1407 - Right of general partner and former general partner to information.

620.1407 Right of general partner and former general partner to information.—(1) A general partner, without having any particular purpose for seeking the information, may inspect and copy during regular business hours:(a) In the limited partnership’s designated office, required information.(b) At a reasonable location specified by the limited partnership, any other records maintained by the limited partnership regarding the limited partnership’s activities and financial condition.(2) Each general partner and the limited partnership shall furnish to a general partner:(a) Without demand, any information concerning the limited partnership’s activities, reasonably required for the proper exercise of the general partner’s rights and duties under the partnership agreement or this act.(b) On demand, any other information concerning the limited partnership’s activities, except to the extent the demand or the information demanded is unreasonable or otherwise improper under the circumstances.(3) Subject to subsection (5), upon 10 days’ demand made in a record received by the limited partnership, a person dissociated as a general partner may have access to the information and records described in subsection (1) at the location specified in subsection (1) if:(a) The information or record pertains to the period during which the person was a general partner.(b) The person seeks the information or record in good faith.(c) The person satisfies the requirements imposed on a limited partner by s. 620.1304(2).(4) The limited partnership shall respond to a demand made pursuant to subsection (3) in the same manner as provided in s. 620.1304(3).(5) If a general partner dies, s. 620.1704 applies.(6) The limited partnership may impose reasonable restrictions on the use of information under this section. In any dispute concerning the reasonableness of a restriction under this subsection, the limited partnership has the burden of proving reasonableness.(7) A limited partnership may charge a person dissociated as a general partner that makes a demand under this section reasonable costs of copying, limited to the costs of labor and material.(8) A general partner or person dissociated as a general partner may exercise the rights under this section through an attorney or other agent. Any restriction imposed under subsection (6) or by the partnership agreement applies both to the attorney or other agent and to the general partner or person dissociated as a general partner.(9) The rights under this section do not extend to a person as transferee, but the rights under subsection (3) of a person dissociated as a general partner may be exercised by the legal representative of an individual who dissociated as a general partner under s. 620.1603(7)(b) or (c).History.—s. 17, ch. 2005-267; s. 75, ch. 2006-1.
FL Stat § 620.1408 (2021)
2021 Florida Statutes|Title XXXVI - Business Organizations|Chapter 620 - Partnership Laws|Part I - Florida Revised Uniform Limited Partnership Act of 2005 (Ss. 620.1101-620.2205)|620.1408 - General standards of conduct for general partner.

620.1408 General standards of conduct for general partner.—(1) The only fiduciary duties that a general partner has to the limited partnership and the other partners are the duties of loyalty and care under subsections (2) and (3).(2) A general partner’s duty of loyalty to the limited partnership and the other partners is limited to the following:(a) To account to the limited partnership and hold as trustee for it any property, profit, or benefit derived by the general partner in the conduct and winding up of the limited partnership’s activities or derived from a use by the general partner of limited partnership property, including the appropriation of a limited partnership opportunity.(b) To refrain from dealing with the limited partnership in the conduct or winding up of the limited partnership’s activities as or on behalf of a party having an interest adverse to the limited partnership.(c) To refrain from competing with the limited partnership in the conduct of the limited partnership’s activities.(3) A general partner’s duty of care to the limited partnership and the other partners in the conduct and winding up of the limited partnership’s activities is limited to refraining from engaging in grossly negligent or reckless conduct, intentional misconduct, or a knowing violation of law.(4) A general partner shall discharge the duties to the partnership and the other partners under this act or under the partnership agreement and exercise any rights consistently with the obligation of good faith and fair dealing.(5) A general partner does not violate a duty or obligation under this act or under the partnership agreement merely because the general partner’s conduct furthers the general partner’s own interest.History.—s. 17, ch. 2005-267.
FL Stat § 620.1501 (2021)
2021 Florida Statutes|Title XXXVI - Business Organizations|Chapter 620 - Partnership Laws|Part I - Florida Revised Uniform Limited Partnership Act of 2005 (Ss. 620.1101-620.2205)|620.1501 - Form of contribution.

620.1501 Form of contribution.—A contribution of a partner may consist of tangible or intangible property or other benefit to the limited partnership, including money, services performed, promissory notes, other agreements to contribute cash or property, and contracts for services to be performed.History.—s. 17, ch. 2005-267.
FL Stat § 620.1502 (2021)
2021 Florida Statutes|Title XXXVI - Business Organizations|Chapter 620 - Partnership Laws|Part I - Florida Revised Uniform Limited Partnership Act of 2005 (Ss. 620.1101-620.2205)|620.1502 - Liability for contribution.

620.1502 Liability for contribution.—(1) A partner’s obligation to contribute money or other property or other benefit to, or to perform services for, a limited partnership shall be in a record signed by the partner, and such obligation shall not be excused by the partner’s death, disability, or other inability to perform personally.(2) If a partner does not make a promised nonmonetary contribution, the partner is obligated at the option of the limited partnership to contribute money equal to that portion of the value, as stated in the required information, of the stated contribution which has not been made.(3) The obligation of a partner to make a contribution or return money or other property paid or distributed in violation of this act may be compromised only by consent of all partners. A creditor of a limited partnership which extends credit or otherwise acts in reliance on an obligation described in subsection (1), without notice of any compromise under this subsection, may enforce the original obligation.(4) A partnership agreement may provide that the interest of any partner who fails to make any contribution that the partner is obligated to make shall be subject to specified penalties for, or specified consequences of, such failure. Such penalty or consequence may take the form of reducing the partner’s proportionate interest in the limited partnership, subordinating the partner’s partnership interests to that of nondefaulting partners, a forced sale, or the forfeiture of the partner’s interest in the limited partnership, the lending by other partners of the amount necessary to meet the partner’s commitment, a fixing of the value of the partner’s interest in the limited partnership by appraisal or by formula and redemption or sale of such interest at such value, or other penalty or consequence.History.—s. 17, ch. 2005-267.
FL Stat § 620.1503 (2021)
2021 Florida Statutes|Title XXXVI - Business Organizations|Chapter 620 - Partnership Laws|Part I - Florida Revised Uniform Limited Partnership Act of 2005 (Ss. 620.1101-620.2205)|620.1503 - Sharing of profits, losses, and distributions.

620.1503 Sharing of profits, losses, and distributions.—(1) Profits and losses of a limited partnership shall be allocated among the partners on the basis of the value, as stated in the required records when the limited partnership makes the allocations, of the contributions the limited partnership has received from each partner.(2) Distributions by a limited partnership shall be shared by the partners on the basis of the value, as stated in the required records when the limited partnership decides to make the distribution, of the contributions the limited partnership has received from each partner.History.—s. 17, ch. 2005-267.
FL Stat § 620.1504 (2021)
2021 Florida Statutes|Title XXXVI - Business Organizations|Chapter 620 - Partnership Laws|Part I - Florida Revised Uniform Limited Partnership Act of 2005 (Ss. 620.1101-620.2205)|620.1504 - Interim distributions.

620.1504 Interim distributions.—A partner does not have a right to any distribution before the dissolution and winding up of the limited partnership unless the limited partnership decides to make an interim distribution.History.—s. 17, ch. 2005-267.
FL Stat § 620.1505 (2021)
2021 Florida Statutes|Title XXXVI - Business Organizations|Chapter 620 - Partnership Laws|Part I - Florida Revised Uniform Limited Partnership Act of 2005 (Ss. 620.1101-620.2205)|620.1505 - No distribution on account of dissociation.

620.1505 No distribution on account of dissociation.—A person does not have a right to receive a distribution on account of dissociation.History.—s. 17, ch. 2005-267.
FL Stat § 620.1506 (2021)
2021 Florida Statutes|Title XXXVI - Business Organizations|Chapter 620 - Partnership Laws|Part I - Florida Revised Uniform Limited Partnership Act of 2005 (Ss. 620.1101-620.2205)|620.1506 - Distribution in kind.

620.1506 Distribution in kind.—A partner does not have a right to demand or receive any distribution from a limited partnership in any form other than cash. Subject to s. 620.1813, a limited partnership may distribute an asset in kind to the extent each partner receives a percentage of the asset equal to the partner’s share of distributions.History.—s. 17, ch. 2005-267.
FL Stat § 620.1507 (2021)
2021 Florida Statutes|Title XXXVI - Business Organizations|Chapter 620 - Partnership Laws|Part I - Florida Revised Uniform Limited Partnership Act of 2005 (Ss. 620.1101-620.2205)|620.1507 - Right to distribution.

620.1507 Right to distribution.—When a partner or transferee becomes entitled to receive a distribution, the partner or transferee has the status of, and is entitled to all remedies available to, a creditor of the limited partnership with respect to the distribution. However, the limited partnership’s obligation to make a distribution is subject to offset for any amount owed to the limited partnership by the partner or dissociated partner on whose account the distribution is made.History.—s. 17, ch. 2005-267.
FL Stat § 620.1508 (2021)
2021 Florida Statutes|Title XXXVI - Business Organizations|Chapter 620 - Partnership Laws|Part I - Florida Revised Uniform Limited Partnership Act of 2005 (Ss. 620.1101-620.2205)|620.1508 - Limitations on distribution.

620.1508 Limitations on distribution.—(1) A limited partnership may not make a distribution in violation of the partnership agreement.(2) A limited partnership may not make a distribution if after the distribution:(a) The limited partnership would not be able to pay its debts as they become due in the ordinary course of the limited partnership’s activities; or(b) The limited partnership’s total assets would be less than the sum of its total liabilities plus the amount that would be needed, if the limited partnership were to be dissolved, wound up, and terminated at the time of the distribution, to satisfy the preferential rights upon dissolution, winding up, and termination of partners whose preferential rights are superior to those of persons receiving the distribution.(3) A limited partnership may base a determination that a distribution is not prohibited under subsection (2) on financial statements prepared on the basis of accounting practices and principles that are reasonable in the circumstances or on a fair valuation or other method that is reasonable in the circumstances.(4) Except as otherwise provided in subsection (7), the effect of a distribution under subsection (2) is measured:(a) In the case of distribution by purchase, redemption, or other acquisition of a transferable interest in the limited partnership, as of the date money or other property is transferred or debt incurred by the limited partnership.(b) In all other cases, as of the date:1. The distribution is authorized, if the payment occurs within 120 days after that date; or2. The payment is made, if payment occurs more than 120 days after the distribution is authorized.(5) A limited partnership’s indebtedness to a partner incurred by reason of a distribution made in accordance with this section is at parity with the limited partnership’s indebtedness to its general, unsecured creditors.(6) A limited partnership’s indebtedness, including indebtedness issued in connection with or as part of a distribution, is not considered a liability for purposes of subsection (2) if the terms of the indebtedness provide that payment of principal and interest are made only to the extent that a distribution could then be made to partners under this section.(7) If indebtedness is issued as a distribution, each payment of principal or interest on the indebtedness is treated as a distribution, the effect of which is measured on the date the payment is made.History.—s. 17, ch. 2005-267.