reglab/housing_qa huggingface dataset:
MD. Corporations and Associations Code Ann. §  10-304 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 10 - Limited Partnership Act|Subtitle 3 - Limited Partners|Section 10-304 - Person Erroneously Believing Himself Limited Partner

    (a)    Except as provided in subsection (b) of this section, a person who makes a contribution to a partnership and erroneously but in good faith believes that he has become a limited partner in the partnership is not a general partner in the partnership and is not bound by its obligations by reason of making the contribution, receiving distributions from the partnership, or exercising any rights of a limited partner, if, within 30 days after he knew or should have known of the mistake:        (1)    In the case of a person who wishes to be a limited partner, the person causes an appropriate certificate to be executed and filed; or        (2)    In the case of a person who wishes to withdraw as a partner from the partnership, the partner takes the necessary action to withdraw.    (b)    A person who makes a contribution under the circumstances described in subsection (a) of this section is liable as a general partner to any third party who transacts business with the partnership prior to the occurrence of either of the events referred to in subsection (a) of this section:        (1)    If that person knew or reasonably should have known either that no certificate has been filed or that the certificate inaccurately refers to him as a general partner; and        (2)    If the third party reasonably relied upon the fact that the person was a general partner at the time of the transaction.
MD. Corporations and Associations Code Ann. §  10-305 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 10 - Limited Partnership Act|Subtitle 3 - Limited Partners|Section 10-305 - Information

    (a)    Each limited partner may inspect and copy, in person or by agent, on written request from time to time upon reasonable demand:        (1)    True and full information regarding the state of the business and financial condition of the limited partnership;        (2)    A copy of the partnership agreement and certificate of limited partnership and all amendments to the agreement or certificate; and        (3)    Other information regarding the affairs of the limited partnership as is just and reasonable for any purpose reasonably related to the limited partner’s interest as a limited partner.    (b)    One or more persons who together are partners with at least a 5 percent interest in the partnership (determined on the basis of the sharing of profits and losses) may inspect and copy, in person or by agent, on written request from time to time upon reasonable demand:        (1)    Promptly after becoming available, a copy of the limited partnership’s federal, State, and local income tax returns for each year; and        (2)    A current list of the name and last known business, residence, or mailing address of each partner.    (c)    The rights to inspect and copy certain information may be subject to reasonable standards that may be set forth in the partnership agreement or otherwise established by the general partners.
MD. Corporations and Associations Code Ann. §  10-401 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 10 - Limited Partnership Act|Subtitle 4 - General Partners|Section 10-401 - Admission of Additional General Partners

    Except as otherwise provided in the partnership agreement, after the filing of the initial certificate, additional general partners may be admitted with the consent of all general partners and a majority in interest of limited partners (determined on the basis of the sharing of profits and losses).
MD. Corporations and Associations Code Ann. §  10-402 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 10 - Limited Partnership Act|Subtitle 4 - General Partners|Section 10-402 - Events of Withdrawal

    A person ceases to be a general partner of a limited partnership upon the happening of any of the following events:         (1)    The person’s withdrawal from the limited partnership as provided in § 10-602 of this title;        (2)    The person’s removal as a general partner in accordance with the partnership agreement;        (3)    Unless otherwise provided in the partnership agreement or with the consent of all partners, the person’s:            (i)    Making an assignment for the benefit of creditors;            (ii)    Filing a voluntary petition in bankruptcy;            (iii)    Being adjudged bankrupt or insolvent or having entered against him an order of relief in any bankruptcy or insolvency proceeding;            (iv)    Filing a petition or answer seeking for himself any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any statute, law, or regulation;            (v)    Filing an answer or other pleading admitting or failing to contest the material allegations of a petition filed against him in any proceeding of this nature; or            (vi)    Seeking, consenting to, or acquiescing in, the appointment of a trustee, receiver, or liquidation of the general partner or of all or any substantial part of his properties;        (4)    Unless otherwise provided in the partnership agreement or with the consent of all partners, the continuation of any proceeding against him seeking reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any statute, law, or regulation, for 120 days after the commencement thereof or the appointment of a trustee, receiver, or liquidator for the general partner or all or any substantial part of his properties without his agreement or acquiescence, which appointment is not vacated or stayed for 120 days or, if the appointment is stayed, for 120 days after the expiration of the stay during which period the appointment is not vacated;        (5)    In the case of a general partner who is an individual, the individual’s:            (i)    Death; or            (ii)    Adjudication by a court of competent jurisdiction as incompetent to manage his person or his property;        (6)    In the case of a general partner who is acting as a general partner by virtue of being a trustee of a trust, the termination of the trust (but not merely the substitution of a new trustee);        (7)    In the case of a general partner that is a separate partnership or limited partnership, the dissolution and commencement of winding up of the separate partnership or limited partnership;        (8)    In the case of a general partner that is a corporation, the dissolution of the corporation or the revocation of its charter; or        (9)    In the case of a general partner that is an estate, the distribution by the fiduciary of the estate’s entire interest in the partnership.
MD. Corporations and Associations Code Ann. §  10-403 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 10 - Limited Partnership Act|Subtitle 4 - General Partners|Section 10-403 - Powers and Liabilities

    (a)    Except as provided in this title or in the partnership agreement, a general partner of a limited partnership has the rights and powers and is subject to the restrictions and liabilities of a partner in a partnership.    (b)    A general partner may not limit the general partner’s liability in the partnership agreement to persons other than his partners or the limited partnership.
MD. Corporations and Associations Code Ann. §  10-404 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 10 - Limited Partnership Act|Subtitle 4 - General Partners|Section 10-404 - Contributions by General Partner

    A general partner may make contributions to the limited partnership and share in the profits and losses of, and in distributions from, the limited partnership as a general partner. A general partner also may make contributions to and share in profits, losses, and distributions as a limited partner. A person who is both a general partner and a limited partner has the rights and powers, and is subject to the restrictions and liabilities, of a general partner and, except as provided in the partnership agreement, also has the powers, and is subject to the restrictions, of a limited partner to the extent of his participation in the limited partnership as a limited partner.
MD. Corporations and Associations Code Ann. §  10-405 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 10 - Limited Partnership Act|Subtitle 4 - General Partners|Section 10-405 - Voting

    The partnership agreement may grant to all or certain identifiable general partners the right to vote (on a per capita or any other basis), separately or with all or any class of the limited partners, on any matter.
MD. Corporations and Associations Code Ann. §  10-501 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 10 - Limited Partnership Act|Subtitle 5 - Finance|Section 10-501 - Form of Contribution

    The contribution of a partner may be in cash, property, services rendered, or a promissory note or other binding obligation to contribute cash or property or to perform services.
MD. Corporations and Associations Code Ann. §  10-502 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 10 - Limited Partnership Act|Subtitle 5 - Finance|Section 10-502 - Liability for Contribution

    (a)    (1)    Except as provided in the partnership agreement, a limited partner is obligated to the limited partnership to perform any promise set forth in the partnership agreement to contribute cash or property or to perform services, even if he is unable to perform because of death, disability, or any other reason.        (2)    If a limited partner does not make the required contribution of property or services, he is obligated at the option of the limited partnership to contribute cash equal to that portion of the value (as stated in the partnership agreement) of the stated contribution that has not been made.    (b)    (1)    The obligation of a limited partner to make a contribution or return money or other property paid or distributed in violation of this title may be compromised only upon compliance with the partnership agreement or, if the partnership agreement does not so provide, with the consent of all partners.        (2)    Any compromise does not affect the rights to enforce the original obligation of any creditor of a limited partnership who extends credit, or whose claim arises, after the effective date of the execution of the partnership agreement which reflects the obligation, but before the amendment of the partnership agreement which reflects the compromise.    (c)    A partnership agreement may provide that the interest of any partner who fails to make any contribution or other payment that the partner is obligated to make shall be subject to specified remedies for, or specified consequences of, the failure. The remedy or consequence may take the form of reducing the defaulting partner’s proportionate interest in the limited partnership, subordinating the partnership interest to that of the nondefaulting partners, a forced sale of the partnership interest, forfeiture of the partnership interest, the lending by the nondefaulting partners of the amount necessary to meet the commitment, a fixing of the value of the partner’s partnership interest by appraisal or by formula and redemption or sale of the partner’s partnership interest at that value, or other remedy or consequence.
MD. Corporations and Associations Code Ann. §  10-503 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 10 - Limited Partnership Act|Subtitle 5 - Finance|Section 10-503 - Sharing of Profits and Losses

    The profits and losses of a limited partnership shall be allocated among the partners, and among classes of partners, in the manner provided in the partnership agreement. If the partnership agreement does not so provide, profits and losses shall be allocated on the basis of the value of the contributions of each partner.
MD. Corporations and Associations Code Ann. §  10-504 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 10 - Limited Partnership Act|Subtitle 5 - Finance|Section 10-504 - Sharing of Distributions

    Distributions of cash or other assets of a limited partnership shall be allocated among the partners, and among classes of partners, in the manner provided in the partnership agreement. Unless otherwise provided in the partnership agreement, distributions shall be made on the basis of the sharing of profits and losses.
MD. Corporations and Associations Code Ann. §  10-601 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 10 - Limited Partnership Act|Subtitle 6 - Distributions and Withdrawal|Section 10-601 - Interim Distributions

    Except as otherwise provided in this subtitle:         (1)    To the extent set forth in the partnership agreement, a partner is entitled to receive distributions from a limited partnership before his withdrawal and before the dissolution and winding up of the limited partnership; and        (2)    To the extent set forth in the partnership agreement, a limited partner is entitled to receive distributions which constituted a return of any part of that limited partner’s contribution before his withdrawal and before the winding up of the limited partnership.
MD. Corporations and Associations Code Ann. §  10-602 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 10 - Limited Partnership Act|Subtitle 6 - Distributions and Withdrawal|Section 10-602 - Withdrawal of General Partner

    A general partner may withdraw from a limited partnership at any time by giving written notice to the other partners, but if the withdrawal notice violates the partnership agreement, the limited partnership may recover from the withdrawing general partner damages for breach of the partnership agreement and offset the damages against the amount otherwise distributable to the withdrawing general partner.
MD. Corporations and Associations Code Ann. §  10-603 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 10 - Limited Partnership Act|Subtitle 6 - Distributions and Withdrawal|Section 10-603 - Withdrawal of Limited Partner

    (a)    A limited partner may withdraw from a limited partnership at the time or on the happening of events specified in the partnership agreement. If the partnership agreement does not specify the time or the events on the occurrence of which a limited partner may withdraw, a limited partner may not withdraw before the dissolution and winding up of the limited partnership.    (b)    A limited partner may withdraw on not less than 6 months’ prior written notice to each general partner at the general partner’s address on the books of the limited partnership if the following conditions are met:        (1)    The limited partnership was formed before October 1, 1998;        (2)    On October 1, 1998, the partnership agreement of the limited partnership did not specify in writing the time or the events on the occurrence of which a limited partner may withdraw or a definite time for the dissolution and the winding up of the limited partnership; and        (3)    The limited partnership did not amend its partnership agreement on or after October 1, 1998 to specify in writing the time or the events on the occurrence of which a limited partner may withdraw or a definite time for the dissolution and winding up of the limited partnership.
MD. Corporations and Associations Code Ann. §  10-604 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 10 - Limited Partnership Act|Subtitle 6 - Distributions and Withdrawal|Section 10-604 - Distribution Upon Withdrawal

    Except as otherwise provided in this subtitle, on withdrawal any withdrawing partner is entitled to receive any distribution to which the partner is entitled under the partnership agreement and, if not otherwise provided in the partnership agreement, the partner is entitled to receive, within a reasonable time after withdrawal, the fair value of the partner’s partnership interest in the limited partnership as of the date of withdrawal, based on the partner’s right to share in distributions from the limited partnership.
MD. Corporations and Associations Code Ann. §  10-605 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 10 - Limited Partnership Act|Subtitle 6 - Distributions and Withdrawal|Section 10-605 - Distribution in Kind

    Unless otherwise provided in the partnership agreement, a partner, regardless of the nature of his contribution, has no right to demand and receive any distribution from a limited partnership in any form other than cash.
MD. Corporations and Associations Code Ann. §  10-606 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 10 - Limited Partnership Act|Subtitle 6 - Distributions and Withdrawal|Section 10-606 - Status as Creditor

    Except to the extent limited by § 10–607 of this subtitle or § 10–804 of this title, at the time a partner becomes entitled to receive a distribution, the partner has the status of, and is entitled to all remedies available to, a creditor of the limited partnership with respect to the distribution.
MD. Corporations and Associations Code Ann. §  10-607 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 10 - Limited Partnership Act|Subtitle 6 - Distributions and Withdrawal|Section 10-607 - Limitations on Return of Contributions

    A partner may not receive a return of his contribution to a limited partnership to the extent that, after giving effect to the return of his contribution, all liabilities of the limited partnership, other than liabilities to partners for the return of their contributions, exceed the fair value of the limited partnership assets.
MD. Corporations and Associations Code Ann. §  10-608 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 10 - Limited Partnership Act|Subtitle 6 - Distributions and Withdrawal|Section 10-608 - Liability Upon Return of Contribution

    (a)    (1)    If a limited partner has received the return of any part of his contribution without violation of the certificate, partnership agreement, or this title, he is liable to the limited partnership for a period of 1 year thereafter for the amount of the returned contribution, but only to the extent necessary to discharge the limited partnership’s liabilities to creditors who extended credit to the limited partnership during the period the contribution was held by the limited partnership.        (2)    If a limited partner has received the return of any part of his contribution in violation of the certificate, partnership agreement, or this title, he is liable to the limited partnership for a period of 6 years thereafter for the amount of the contribution wrongfully returned.    (b)    A limited partner receives a return of his contribution to the extent that, after a distribution to him, his share of the fair value of the net assets of the limited partnership is less than the value of his total contribution as reflected in the certificate minus all distributions in return of his contribution made prior to the distribution.
MD. Corporations and Associations Code Ann. §  10-701 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 10 - Limited Partnership Act|Subtitle 7 - Assignment of Partnership Interests|Section 10-701 - Nature of Partnership Interest

    A partnership interest is personal property.
MD. Corporations and Associations Code Ann. §  10-702 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 10 - Limited Partnership Act|Subtitle 7 - Assignment of Partnership Interests|Section 10-702 - Assignment of Partnership Interest

    Unless otherwise provided in the partnership agreement, a partnership interest is assignable in whole or in part. An assignment of a partnership interest does not dissolve a limited partnership or entitle the assignee to become a partner or, unless otherwise provided in the partnership agreement, exercise any rights of a partner. Unless otherwise provided in the partnership agreement, an assignment entitles the assignee to receive, to the extent assigned, only the distributions to which the assignor would be entitled.
MD. Corporations and Associations Code Ann. §  10-703 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 10 - Limited Partnership Act|Subtitle 7 - Assignment of Partnership Interests|Section 10-703 - Right of Assignee to Become Limited Partner

    (a)    An assignee of a partnership interest, including an assignee of a general partner, may become a limited partner if and to the extent that:        (1)    The assignor gives the assignee that right in accordance with authority described in the partnership agreement; or        (2)    All other partners consent.    (b)    An assignee who has become a limited partner has, to the extent assigned, the rights and powers, and is subject to the restrictions and liabilities, of a limited partner under the partnership agreement and this title. An assignee who becomes a limited partner also is liable for the obligations of his assignor to make and return contributions as provided in Subtitle 5 and Subtitle 6 of this title. However, the assignee is not obligated for liabilities unknown to the assignee at the time he became a limited partner and which could not be ascertained from the certificate or the partnership agreement.    (c)    If an assignee of a partnership interest becomes a limited partner, the assignor is not released from his liability to the limited partnership under §§ 10–502 and 10–608 of this title.
MD. Corporations and Associations Code Ann. §  10-704 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 10 - Limited Partnership Act|Subtitle 7 - Assignment of Partnership Interests|Section 10-704 - Death, Incompetency, Insolvency, or Termination of a General Partner

    (a)    Unless otherwise provided in the partnership agreement:        (1)    If a general partner who is an individual dies or a court of competent jurisdiction adjudges the individual to be incompetent to manage his person or his property, the partner’s executor, personal representative, administrator, guardian, conservator, or other legal representative shall automatically become a limited partner;        (2)    If a general partner is a corporation, estate, trust, partnership, or other entity and is dissolved or terminated, its legal representative or successor shall automatically become a limited partner;        (3)    If a general partner withdraws under § 10–402(3) of this title or permits an act specified in § 10–402(4) of this title, that partner shall automatically become a limited partner.    (b)    The allocable share of the profits, losses, and distributions of a general partner who becomes a limited partner under this section is the same as it was prior to the event specified in subsection (a) of this section.
MD. Corporations and Associations Code Ann. §  10-705 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 10 - Limited Partnership Act|Subtitle 7 - Assignment of Partnership Interests|Section 10-705 - Rights of Creditor

    On application to a court of competent jurisdiction by any judgment creditor of a partner, the court may charge the partnership interest of the partner with payment of the unsatisfied amount of the judgment with interest. To the extent so charged, the judgment creditor has only the rights of an assignee of the partnership interest. This title does not deprive any partner of the benefit of any exemption laws applicable to his partnership interest.
MD. Corporations and Associations Code Ann. §  10-706 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 10 - Limited Partnership Act|Subtitle 7 - Assignment of Partnership Interests|Section 10-706 - Certificate of Partnership Interest

    The partnership agreement may provide that a partner’s interest in a limited partnership may be evidenced by a certificate of partnership interest issued by the limited partnership and may also provide for the assignment, pledge, or transfer of any partnership interest represented by the certificate and make other provisions with respect to the certificate.