reglab/housing_qa huggingface dataset:
MT Code § 35-12-620 (2021)
2021 Montana Code Annotated|Title 35. Corporations, Partnerships, and Associations|Chapter 12. Limited Partnerships|Part 6. Formation -- Certificate of Limited Partnership|35-12-620. Reinstatement following cancellation for failure to renew

  35-12-620. Reinstatement following cancellation for failure to renew. (1) If a certificate of limited partnership was canceled under 35-12-610 for failure to renew, an application for reinstatement of the original certificate may be made to the secretary of state within 5 years after the effective date of the cancellation.   (2) The application must:   (a) state the name of the limited partnership and the date its certificate of limited partnership was canceled;   (b) state that the limited partnership's name satisfies the requirements of 35-12-505; and   (c) include the information required in 35-12-601.   (3) If the secretary of state determines that the information provided is sufficient and correct, the secretary of state shall reinstate the certificate of limited partnership and send confirmation to the limited partnership.   (4) When reinstated under this section, the certificate of limited partnership becomes effective as if it had not been canceled.   History: En. Sec. 2, Ch. 75, L. 2003.
MT Code § 35-12-701 (2021)
2021 Montana Code Annotated|Title 35. Corporations, Partnerships, and Associations|Chapter 12. Limited Partnerships|Part 7. Limited Partners|35-12-701. Becoming limited partner

  35-12-701. Becoming limited partner. A person becomes a limited partner:   (1) as provided in the partnership agreement;   (2) as the result of a conversion or merger under Title 35, chapter 12, part 15; or   (3) with the consent of all the partners.   History: En. Sec. 20, Ch. 522, L. 1981; amd. Sec. 16, Ch. 268, L. 1997; amd. Sec. 26, Ch. 216, L. 2011.
MT Code § 35-12-702 (2021)
2021 Montana Code Annotated|Title 35. Corporations, Partnerships, and Associations|Chapter 12. Limited Partnerships|Part 7. Limited Partners|35-12-702. Repealed

  35-12-702. Repealed. Sec. 97, Ch. 216, L. 2011.   History: En. Sec. 21, Ch. 522, L. 1981.
MT Code § 35-12-703 (2021)
2021 Montana Code Annotated|Title 35. Corporations, Partnerships, and Associations|Chapter 12. Limited Partnerships|Part 7. Limited Partners|35-12-703. No liability as limited partner for limited partnership obligations

  35-12-703. No liability as limited partner for limited partnership obligations. An obligation of a limited partnership, whether arising in contract, tort, or otherwise, is not the obligation of a limited partner. A limited partner is not personally liable, directly or indirectly, by way of contribution or otherwise, for an obligation of a limited partnership solely by reason of being a limited partner even if the limited partner participates in the management and control of the limited partnership.   History: En. Sec. 22, Ch. 522, L. 1981; amd. Sec. 17, Ch. 268, L. 1997; amd. Sec. 40, Ch. 7, L. 2001; amd. Sec. 28, Ch. 216, L. 2011.
MT Code § 35-12-704 (2021)
2021 Montana Code Annotated|Title 35. Corporations, Partnerships, and Associations|Chapter 12. Limited Partnerships|Part 7. Limited Partners|35-12-704. Person erroneously believing self to be limited partner

  35-12-704. 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 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 secretary of state for filing; or   (b) withdraws from future participation as an owner in the enterprise by executing and delivering to the secretary 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 the secretary of state files a statement of withdrawal, certificate of limited partnership, amendment, or statement of conversion to show that the person is not a general partner.   (3) If a person makes a diligent effort in good faith to comply with subsection (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 secretary of state for filing, the person has the right to withdraw from the enterprise pursuant to subsection (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: En. Sec. 23, Ch. 522, L. 1981; amd. Sec. 1, Ch. 85, L. 1985; amd. Sec. 18, Ch. 268, L. 1997; amd. Sec. 29, Ch. 216, L. 2011.
MT Code § 35-12-706 (2021)
2021 Montana Code Annotated|Title 35. Corporations, Partnerships, and Associations|Chapter 12. Limited Partnerships|Part 7. Limited Partners|35-12-706. No right or power as limited partner to bind limited partnership

  35-12-706. No right or power as limited partner to bind limited partnership. A limited partner does not have the right or the power as a limited partner to act for or bind the limited partnership.   History: En. Sec. 27, Ch. 216, L. 2011.
MT Code § 35-12-707 (2021)
2021 Montana Code Annotated|Title 35. Corporations, Partnerships, and Associations|Chapter 12. Limited Partnerships|Part 7. Limited Partners|35-12-707. Limited duties of limited partners

  35-12-707. 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.   (2) A limited partner shall discharge the duties to the partnership and the other partners under this chapter 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 chapter or under the partnership agreement merely because the limited partner's conduct furthers the limited partner's own interest.   History: En. Sec. 31, Ch. 216, L. 2011.
MT Code § 35-12-801 (2021)
2021 Montana Code Annotated|Title 35. Corporations, Partnerships, and Associations|Chapter 12. Limited Partnerships|Part 8. General Partners|35-12-801. Becoming partner

  35-12-801. Becoming partner. A person becomes a general partner:   (1) as provided in the partnership agreement;   (2) under 35-12-1201(1)(c)(ii) following the dissociation of a limited partnership's last general partner;   (3) as the result of a conversion or merger under Title 35, chapter 12, part 15; or   (4) with the consent of all the partners.   History: En. Sec. 25, Ch. 522, L. 1981; amd. Sec. 19, Ch. 268, L. 1997; amd. Sec. 32, Ch. 216, L. 2011.
MT Code § 35-12-802 (2021)
2021 Montana Code Annotated|Title 35. Corporations, Partnerships, and Associations|Chapter 12. Limited Partnerships|Part 8. General Partners|35-12-802. Repealed

  35-12-802. Repealed. Sec. 97, Ch. 216, L. 2011.   History: En. Sec. 26, Ch. 522, L. 1981; amd. Sec. 20, Ch. 268, L. 1997.
MT Code § 35-12-803 (2021)
2021 Montana Code Annotated|Title 35. Corporations, Partnerships, and Associations|Chapter 12. Limited Partnerships|Part 8. General Partners|35-12-803. General partner's liabilities

  35-12-803. General partner's liabilities. (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 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 35-12-809(2)(b).   History: En. Sec. 27, Ch. 522, L. 1981; amd. Sec. 2, Ch. 85, L. 1985; amd. Sec. 35, Ch. 216, L. 2011.
MT Code § 35-12-804 (2021)
2021 Montana Code Annotated|Title 35. Corporations, Partnerships, and Associations|Chapter 12. Limited Partnerships|Part 8. General Partners|35-12-804. Repealed

  35-12-804. Repealed. Sec. 97, Ch. 216, L. 2011.   History: En. Sec. 28, Ch. 522, L. 1981; amd. Sec. 1307, Ch. 56, L. 2009.
MT Code § 35-12-805 (2021)
2021 Montana Code Annotated|Title 35. Corporations, Partnerships, and Associations|Chapter 12. Limited Partnerships|Part 8. General Partners|35-12-805. Repealed

  35-12-805. Repealed. Sec. 97, Ch. 216, L. 2011.   History: En. Sec. 29, Ch. 522, L. 1981.
MT Code § 35-12-806 (2021)
2021 Montana Code Annotated|Title 35. Corporations, Partnerships, and Associations|Chapter 12. Limited Partnerships|Part 8. General Partners|35-12-806. General partner as agent of limited partnership

  35-12-806. General partner as 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 35-12-511(4) that the general partner lacked authority.   (2) An act of a general partner that 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 actually authorized by all the other partners.   History: En. Sec. 33, Ch. 216, L. 2011.
MT Code § 35-12-807 (2021)
2021 Montana Code Annotated|Title 35. Corporations, Partnerships, and Associations|Chapter 12. Limited Partnerships|Part 8. General Partners|35-12-807. Limited partnership liable for general partner's actionable conduct

  35-12-807. 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: En. Sec. 34, Ch. 216, L. 2011.
MT Code § 35-12-808 (2021)
2021 Montana Code Annotated|Title 35. Corporations, Partnerships, and Associations|Chapter 12. Limited Partnerships|Part 8. General Partners|35-12-808. Actions by and against partnership and partners

  35-12-808. Actions by and against partnership and partners. (1) To the extent not inconsistent with 35-12-803, 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 35-12-803 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: En. Sec. 36, Ch. 216, L. 2011.
MT Code § 35-12-809 (2021)
2021 Montana Code Annotated|Title 35. Corporations, Partnerships, and Associations|Chapter 12. Limited Partnerships|Part 8. General Partners|35-12-809. Management rights of general partner

  35-12-809. Management rights of general partner. (1) Each general partner has equal rights in the management and conduct of the limited partnership's activities. Except as expressly provided in this chapter, any matter relating to the activities of the limited partnership may be exclusively decided by the general partner or, if there is more than one general partner, by a majority of the general partners.   (2) The consent of each partner is necessary to:   (a) amend the partnership agreement;   (b) amend the certificate of limited partnership to add or, subject to 35-12-1515, delete a statement that the limited partnership is a limited liability limited partnership; and   (c) sell, lease, exchange, or otherwise dispose of all or substantially all of the limited partnership's property, with or without the good will, other than in the usual and regular course of the limited partnership's activities.   (3) A limited partnership shall reimburse a general partner for payments made and indemnify a general partner for liabilities incurred by the general partner in the ordinary course of the activities of the partnership or for the preservation of its activities or property.   (4) A limited partnership shall reimburse a general partner for an advance to the limited partnership beyond the amount of capital the general partner agreed to contribute.   (5) A payment or advance made by a general partner that gives rise to an obligation of the limited partnership under subsection (3) or (4) constitutes a loan to the limited partnership that accrues interest from the date of the payment or advance.   (6) A general partner is not entitled to remuneration for services performed for the partnership.   History: En. Sec. 37, Ch. 216, L. 2011.
MT Code § 35-12-810 (2021)
2021 Montana Code Annotated|Title 35. Corporations, Partnerships, and Associations|Chapter 12. Limited Partnerships|Part 8. General Partners|35-12-810. Right of general partner and former general partner to information

  35-12-810. 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 principal office, required information; and   (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 and activities reasonably required for the proper exercise of the general partner's rights and duties under the partnership agreement or this chapter; and   (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), on 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; and   (c) the person satisfies the requirements imposed on a limited partner by 35-12-705(2).   (4) The limited partnership shall respond to a demand made pursuant to subsection (3) in the same manner as provided in 35-12-705(3).   (5) If a general partner dies, 35-12-1105 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 may be exercised by the legal representative of an individual who dissociated as a general partner under 35-12-1018(7)(b) or (7)(c).   History: En. Sec. 38, Ch. 216, L. 2011.
MT Code § 35-12-811 (2021)
2021 Montana Code Annotated|Title 35. Corporations, Partnerships, and Associations|Chapter 12. Limited Partnerships|Part 8. General Partners|35-12-811. General standards of general partner's conduct

  35-12-811. General standards of general partner's conduct. (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; and   (c) to refrain from competing with the limited partnership in the conduct or winding up 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 chapter 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 chapter or under the partnership agreement merely because the general partner's conduct furthers the general partner's own interest.   History: En. Sec. 39, Ch. 216, L. 2011.
MT Code § 35-12-901 (2021)
2021 Montana Code Annotated|Title 35. Corporations, Partnerships, and Associations|Chapter 12. Limited Partnerships|Part 9. Finance|35-12-901. Form of contributions

  35-12-901. Form of contributions. A contribution of a partner 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: En. Sec. 30, Ch. 522, L. 1981; amd. Sec. 40, Ch. 216, L. 2011.
MT Code § 35-12-902 (2021)
2021 Montana Code Annotated|Title 35. Corporations, Partnerships, and Associations|Chapter 12. Limited Partnerships|Part 9. Finance|35-12-902. Liability for contributions

  35-12-902. Liability for contributions. (1) A partner's obligation to contribute money or other property or other benefit or to perform services for a limited partnership is not excused by the partner's disability, death, 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 that 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 chapter may be compromised only by consent of all of the partners. A creditor of a limited partnership that 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.   History: En. Sec. 31, Ch. 522, L. 1981; amd. Sec. 21, Ch. 268, L. 1997; amd. Sec. 41, Ch. 216, L. 2011.
MT Code § 35-12-903 (2021)
2021 Montana Code Annotated|Title 35. Corporations, Partnerships, and Associations|Chapter 12. Limited Partnerships|Part 9. Finance|35-12-903. Repealed

  35-12-903. Repealed. Sec. 97, Ch. 216, L. 2011.   History: En. Sec. 32, Ch. 522, L. 1981; amd. Sec. 22, Ch. 268, L. 1997.
MT Code § 35-12-904 (2021)
2021 Montana Code Annotated|Title 35. Corporations, Partnerships, and Associations|Chapter 12. Limited Partnerships|Part 9. Finance|35-12-904. Repealed

  35-12-904. Repealed. Sec. 97, Ch. 216, L. 2011.   History: En. Sec. 33, Ch. 522, L. 1981; amd. Sec. 23, Ch. 268, L. 1997.
MT Code § 35-12-905 (2021)
2021 Montana Code Annotated|Title 35. Corporations, Partnerships, and Associations|Chapter 12. Limited Partnerships|Part 9. Finance|35-12-905. Sharing of distributions

  35-12-905. Sharing of distributions. 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: En. Sec. 42, Ch. 216, L. 2011.
MT Code § 35-12-1001 (2021)
2021 Montana Code Annotated|Title 35. Corporations, Partnerships, and Associations|Chapter 12. Limited Partnerships|Part 10. Distribution and Dissociation|35-12-1001. Interim distributions

  35-12-1001. 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: En. Sec. 34, Ch. 522, L. 1981; amd. Sec. 24, Ch. 268, L. 1997; amd. Sec. 43, Ch. 216, L. 2011.