reglab/housing_qa huggingface dataset:
NC Gen Stat § 59-502 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 5 - Revised Uniform Limited Partnership Act.|§ 59-502 - Liability for contributions.

 59-502. Liability for contributions.(a) Except as provided in the partnership agreement, a partner is obligated to the limited partnership to perform any enforceable promise to contribute cash or property or to perform services, even if the partner is unable to perform because of death, disability or any other reason. If a partner does not make the required contribution of property or services, the partner is obligated at the option of the limited partnership to contribute cash equal to that portion of the agreed value of the stated contribution that has not been made. As used in this section, the term "agreed value" means an amount or other measure of value as (i) is provided in the partnership agreement, or (ii) if not provided in the partnership agreement, is required to be set forth in the written records required pursuant to G.S. 59-106.(b) Unless otherwise provided in the partnership agreement, the obligation of a partner to make a contribution or return money or other property paid or distributed in violation of this Article may be compromised only by consent of all the partners. Any such compromise, however, shall not affect the rights of a creditor whose claim arose prior to the date of the compromise.(c) No promise by a limited partner to contribute to the limited partnership is enforceable unless in a writing signed by the limited partner. (1985 (Reg. Sess., 1986), c. 989, s. 2; 1999-362, s. 23.)
NC Gen Stat § 59-503 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 5 - Revised Uniform Limited Partnership Act.|§ 59-503 - Sharing income, gain, loss, deduction or credit.

 59-503. Sharing income, gain, loss, deduction or credit.Income, gain, loss, deduction or credit of a limited partnership shall be allocated among the partners, and among classes of partners, in the manner provided in the partnership agreement. To the extent the partnership agreement does not provide for the allocation of items of income, gain, loss, deduction, or credit, then those items shall be allocated on the basis of the agreed value of the contributions made by each partner to the extent they have been received by the partnership and have not been returned. As used in this section, the term "agreed value" means an amount or other measure of value as (i) is provided in the partnership agreement, or (ii) if not provided in the partnership agreement, is required to be set forth in the written records required pursuant to G.S. 59-106. (1985 (Reg. Sess., 1986), c. 989, s. 2; 1999-362, s. 24.)
NC Gen Stat § 59-504 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 5 - Revised Uniform Limited Partnership Act.|§ 59-504 - Sharing of distributions.

 59-504. Sharing of distributions.Distributions of cash or other assets of a limited partnership shall be made among the partners, and among classes of partners, in the manner provided in the partnership agreement. To the extent the partnership agreement does not provide for the sharing of distributions among the partners, distributions shall be made among the partners on the basis of the agreed value of the contributions made by each partner to the extent they have been received by the partnership and have not been returned. As used in this section, the term "agreed value" means an amount or other measure of value as (i) is provided in the partnership agreement, or (ii) if not provided in the partnership agreement, is required to be set forth in the written records required pursuant to G.S. 59-106. (1985 (Reg. Sess., 1986), c. 989, s. 2; 1999-362, s. 25.)
NC Gen Stat § 59-601 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 5 - Revised Uniform Limited Partnership Act.|§ 59-601 - Interim distributions.

 59-601. Interim distributions.Except as provided in this Article, a partner is entitled to receive distributions from a limited partnership before his withdrawal from the limited partnership and before the dissolution and winding up thereof to the extent and at the times or upon the happening of the events specified in the partnership agreement. (1985 (Reg. Sess., 1986), c. 989, s. 2.)
NC Gen Stat § 59-602 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 5 - Revised Uniform Limited Partnership Act.|§ 59-602 - Withdrawal of general partner.

 59-602. Withdrawal of general partner.After filing of the original certificate of limited partnership, a general partner may withdraw from a limited partnership at any time by giving written notice to the other partners, but if the withdrawal violates the partnership agreement, the limited partnership may recover from the withdrawing general partner, in addition to its other remedies, any damages for breach of the partnership agreement and may offset the damages against the amount otherwise distributable or payable to the partner. (1985 (Reg. Sess., 1986), c. 989, s. 2; 1999-362, s. 26.)
NC Gen Stat § 59-603 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 5 - Revised Uniform Limited Partnership Act.|§ 59-603 - Withdrawal of limited partner.

 59-603. Withdrawal of limited partner.A limited partner may withdraw from a limited partnership only at the time or upon the happening of events specified in writing in and in accordance with the partnership agreement, including any amendment or addendum to the partnership agreement agreed upon by the partners unanimously or in accordance with the terms of the agreement and made in connection with any permitted withdrawal. If the partnership agreement does not specify in writing the time or the events upon the happening of which a limited partner may withdraw, a limited partner may not withdraw prior to the time for the dissolution and winding up of the limited partnership. (1985 (Reg. Sess., 1986), c. 989, s. 2; 1999-362, s. 27.)
NC Gen Stat § 59-604 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 5 - Revised Uniform Limited Partnership Act.|§ 59-604 - Distribution upon withdrawal.

 59-604. Distribution upon withdrawal.Except as provided in this Article, upon 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 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 upon the partner's right to share in distributions from the limited partnership. (1985 (Reg. Sess., 1986), c. 989, s. 2; 1999-362, s. 28.)
NC Gen Stat § 59-605 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 5 - Revised Uniform Limited Partnership Act.|§ 59-605 - Distribution in kind.

 59-605. Distribution in kind.Except as provided in writing in the limited partnership agreement, (1) 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; and (2) a partner may not be compelled to accept a distribution of any asset in kind from a limited partnership to the extent that the percentage of the asset distributed to him exceeds a percentage of that asset which is equal to the percentage in which he shares in distributions from the limited partnership. (1985 (Reg. Sess., 1986), c. 989, s. 2.)
NC Gen Stat § 59-606 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 5 - Revised Uniform Limited Partnership Act.|§ 59-606 - Right to distribution.

 59-606. Right to distribution.Subject to the other provisions of Part 6 of this Article, 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. (1985 (Reg. Sess., 1986), c. 989, s. 2; 1999-362, s. 29.)
NC Gen Stat § 59-607 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 5 - Revised Uniform Limited Partnership Act.|§ 59-607 - Limitations on distribution.

 59-607. Limitations on distribution.A partner shall not receive a distribution from a limited partnership to the extent that, after giving effect to the distribution, all liabilities of the limited partnership, other than liabilities to partners on account of their partnership interests, exceed the fair value of the partnership assets. (1985 (Reg. Sess., 1986), c. 989, s. 2.)
NC Gen Stat § 59-608 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 5 - Revised Uniform Limited Partnership Act.|§ 59-608 - Liability upon return of contribution.

 59-608. Liability upon return of contribution.(a) If a partner has received the return of any part of his contribution without violation of the partnership agreement or this Article, he is liable to the limited partnership for a period of one 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 partnership.(b) If a partner has received the return of any part of his contribution in violation of the partnership agreement or this Article, he is liable to the limited partnership for a period of six years thereafter for the amount of the contribution wrongfully returned.(c) A partner receives a return of the partner's contribution to the extent that a distribution to the partner reduces the partner's share of the fair value of the net assets of the limited partnership below the agreed value of the partner's contribution which has not been distributed to the partner. As used in this section, the term "agreed value" means an amount or other measure of value as (i) is provided in the partnership agreement, or (ii) if not provided in the partnership agreement, is required to be set forth in the written records required pursuant to G.S. 59-106. (1985 (Reg. Sess., 1986), c. 989, s. 2; 1999-362, s. 30.)
NC Gen Stat § 59-701 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 5 - Revised Uniform Limited Partnership Act.|§ 59-701 - Nature of partnership interest.

 59-701. Nature of partnership interest.A partnership interest is personal property. (1985 (Reg. Sess., 1986), c. 989, s. 2.)
NC Gen Stat § 59-702 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 5 - Revised Uniform Limited Partnership Act.|§ 59-702 - Assignment of partnership interest.

 59-702. Assignment of partnership interest.Except as provided in the partnership agreement, a partnership interest is assignable in whole or in part. Subject to G.S. 59-801(3) an assignment of a partnership interest does not dissolve a limited partnership or entitle the assignee to become or to exercise any rights of a partner. An assignment entitles the assignee to receive, to the extent assigned, only the allocation and distribution to which the assignor would be entitled. Except as provided in the partnership agreement, a partner ceases to be a partner and to have the power to exercise any rights and powers of a partner upon assignment of all of the partner's partnership interest. Except as provided in the partnership agreement, neither the pledge or granting of a security interest in any or all of the partnership interest of a partner nor the pledge or granting of a lien or other encumbrance against any or all of the partnership interest of a partner shall cause the partner to cease to be a partner or cease to have the power to exercise any rights or powers of a partner. (1985 (Reg. Sess., 1986), c. 989, s. 2; 1987, c. 531, s. 7; 1999-362, s. 31.)
NC Gen Stat § 59-703 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 5 - Revised Uniform Limited Partnership Act.|§ 59-703 - Rights of creditor.

 59-703. 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. The general partners shall have no liability to a partner for payments to a judgment creditor pursuant to this provision. To the extent so charged, the judgment creditor has only the rights of an assignee of the partnership interest. This Article does not deprive any partner of the benefit of any exemption laws applicable to his partnership interest. (1985 (Reg. Sess., 1986), c. 989, s. 2.)
NC Gen Stat § 59-704 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 5 - Revised Uniform Limited Partnership Act.|§ 59-704 - Right of assignee to become limited partner.

 59-704. 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 Article. An assignee who becomes a limited partner also is liable for the obligations of the assignee's assignor to make and return contributions as provided in Parts 5 and 6 of this Article. However, the assignee is not obligated for liabilities that (i) are unknown to the assignee at the time the assignee became a limited partner and (ii) could not be ascertained from the written provisions of 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 G.S. 59-207, 59-502, and 59-608. (1985 (Reg. Sess., 1986), c. 989, s. 2; 1999-362, s. 32.)
NC Gen Stat § 59-705 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 5 - Revised Uniform Limited Partnership Act.|§ 59-705 - Power of estate of deceased or incompetent partner.

 59-705. Power of estate of deceased or incompetent partner.If a partner who is an individual dies or a court of competent jurisdiction adjudges him to be incompetent to manage his person or his property, the partner's executor, administrator, guardian, conservator, or other legal representative may exercise all of the partner's rights for the purpose of settling his estate or administering his property, including any power the partner had to give an assignee the right to become a limited partner. If a partner is a corporation, trust, or other entity and is dissolved or terminated, the powers of that partner may be exercised by its legal representative or successor. (1985 (Reg. Sess., 1986), c. 989, s. 2.)
NC Gen Stat § 59-801 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 5 - Revised Uniform Limited Partnership Act.|§ 59-801 - Nonjudicial dissolution.

 59-801. Nonjudicial dissolution.(a) A limited partnership is dissolved and its affairs shall be wound up upon the happening of the first to occur of the following:(1) At the time specified in the certificate of limited partnership or upon the happening of events specified in writing in the partnership agreement;(2) Written consent of all partners;(3) An event of withdrawal of a general partner unless:a. At the time there is at least one other general partner, in which case, unless otherwise provided in a written partnership agreement or agreed upon by all remaining partners, (i) the limited partnership is not dissolved, (ii) the limited partnership shall not be wound up, and (iii) the business of the limited partnership shall be continued by the remaining general partners; orb. Within 90 days after the withdrawal, all remaining partners, or a lesser number or portion of the partners provided in the partnership agreement, agree in writing to continue the business of the limited partnership and to the appointment of one or more additional general partners if necessary or desired, in which case the limited partnership is not dissolved and is not required to be wound up by reason of the event of withdrawal;(3a) Ninety days after the withdrawal of the limited partnership's last limited partner, unless the limited partnership admits at least one limited partner before the end of the 90 days; or(4) Entry of a decree of judicial dissolution under G.S. 59-802.(b) The causes of dissolution of a limited partnership shall be governed solely by this Article. Article 2 of this Chapter, which governs the causes of dissolution of a partnership without limited partners, does not apply and shall not govern the causes of dissolution of a limited partnership. (1985 (Reg. Sess., 1986), c. 989, s. 2; 1999-362, s. 33.)
NC Gen Stat § 59-802 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 5 - Revised Uniform Limited Partnership Act.|§ 59-802 - Judicial dissolution.

 59-802. Judicial dissolution.On application by or for a partner the court may decree dissolution of a limited partnership whenever it is not reasonably practicable to carry on the business in conformity with the partnership agreement. The limited partnership's name becomes available for use by another entity as provided in 55D-21. (1985 (Reg. Sess., 1986), c. 989, s. 2; 2001-358, s. 36; 2001-387, ss. 173, 175(a); 2001-413, s. 6.)
NC Gen Stat § 59-803 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 5 - Revised Uniform Limited Partnership Act.|§ 59-803 - Winding up.

 59-803. Winding up.Except as provided in the partnership agreement, the general partners who have not wrongfully dissolved a limited partnership or, if none, the limited partners, may wind up the limited partnership's affairs; but the court may wind up the limited partnership's affairs upon application of any partner, his legal representative, or assignee. (1985 (Reg. Sess., 1986), c. 989, s. 2.)
NC Gen Stat § 59-804 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 5 - Revised Uniform Limited Partnership Act.|§ 59-804 - Distribution of assets.

 59-804. Distribution of assets.Upon the winding up of a limited partnership, the assets shall be distributed as follows:(1) To creditors, including limited partners who are creditors, to the extent otherwise permitted by law, in satisfaction of liabilities of the limited partnership other than liabilities for distributions to partners under G.S. 59-601 or G.S. 59-604;(2) To general partners who are creditors to the extent otherwise permitted by law, in satisfaction of liabilities of the limited partnership other than liabilities for distributions to partners under G.S. 59-601 or G.S. 59-604;(3) Except as provided in the partnership agreement, to partners and former partners in satisfaction of liabilities for distributions under G.S. 59-601 or G.S. 59-604; and(4) Except as provided in the partnership agreement, to partners first for the return of their contributions and secondly respecting their partnership interests, in the proportions in which the partners share in distributions. (1985 (Reg. Sess., 1986), c. 989, s. 2.)
NC Gen Stat § 59-901 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 5 - Revised Uniform Limited Partnership Act.|§ 59-901 - Law governing.

 59-901. Law governing.Subject to the Constitution of this State, (i) the laws of the jurisdiction under which a foreign limited partnership is organized govern its organization and internal affairs and the liability of its partners, and (ii) a foreign limited partnership may not be denied registration by reason of any difference between those laws and the laws of this State. (1985 (Reg. Sess., 1986), c. 989, s. 2; 1999-362, s. 34.)
NC Gen Stat § 59-903 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 5 - Revised Uniform Limited Partnership Act.|§ 59-903 - Issuance of registration.

 59-903. Issuance of registration.If the Secretary of State finds that an application satisfies the requirements of this Article, the Secretary shall, when all requisite fees have been tendered as in this Article prescribed:(1) Endorse on the application the word "filed", and the hour, day, month and year of the filing thereof;(2) File in the office of the Secretary of State the application;(3) Issue a certificate of authority to transact business in this State to which the Secretary shall affix the conformed copy of the application; and(4) Send to the foreign limited partnership or its representative the certificate of authority, together with the conformed copy of the application affixed thereto. (1985 (Reg. Sess., 1986), c. 989, s. 2; 1987, c. 531, s. 8; 1997-485, s. 27; 1999-362, s. 35.)
NC Gen Stat § 59-904 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 5 - Revised Uniform Limited Partnership Act.|§ 59-904 - Name.

 59-904. Name.A foreign limited partnership may register with the Secretary of State under any name that meets the requirements of Article 3 of Chapter 55D of the General Statutes. (1985 (Reg. Sess., 1986), c. 989, s. 2; 2001-358, s. 35; 2001-387, ss. 135, 155, 173, 175(a); 2001-413, s. 6.)
NC Gen Stat § 59-905 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 5 - Revised Uniform Limited Partnership Act.|§ 59-905 - Changes and amendments.

 59-905. Changes and amendments.If any statement in the application for registration of a foreign limited partnership was false when made or any arrangements or other facts described have changed, making the application inaccurate in any respect, the foreign limited partnership shall promptly file in the office of the Secretary of State an original and one conformed copy of a certificate, signed by a general partner, correcting such statement. (1985 (Reg. Sess., 1986), c. 989, s. 2.)
NC Gen Stat § 59-906 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 5 - Revised Uniform Limited Partnership Act.|§ 59-906 - Cancellation of registration.

 59-906. Cancellation of registration.A foreign limited partnership may cancel its registration by filing with the Secretary of State a certificate of cancellation signed by a general partner. A cancellation does not terminate the authority of the Secretary of State to accept service of process on the foreign limited partnership with respect to causes of action arising out of the transactions of business in this State. (1985 (Reg. Sess., 1986), c. 989, s. 2.)