The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
001
:
GENERAL PROVISIONS
(Cite as: 11 V.S.A. § 3405)
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§ 3405. Records to be kept
(a) Each limited partnership shall keep at the office referred to in subdivision 3404(1) of this title the following:
(1) a current list of the full name and last known business address of each partner, separately
identifying the general partners (in alphabetical order) and the limited partners
(in alphabetical order);
(2) a copy of the certificate of limited partnership and all certificates of amendment
thereto, together with executed copies of any powers of attorney pursuant to which
any certificate has been executed;
(3) copies of the limited partnership’s federal, state, and local income tax returns and
reports, if any, for the three most recent years;
(4) copies of any then effective written partnership agreements and of any financial statements
of the limited partnership for the three most recent years; and
(5) unless contained in a written partnership agreement, a writing setting out:
(A) the amount of cash and a description and statement of the agreed value of the other
property or services contributed by each partner and which each partner has agreed
to contribute;
(B) the times at which or events on the happening of which any additional contributions
agreed to be made by each partner are to be made;
(C) any right of a partner to receive, or of a general partner to make, distributions
to a partner which include a return of all or any part of the partner’s contribution;
and
(D) any events upon the happening of which the limited partnership is to be dissolved
and its affairs wound up.
(b) Records kept under this section are subject to inspection and copying at the reasonable
request and at the expense of any partner during ordinary business hours. (Added 1997, No. 149 (Adj. Sess.), § 4, eff. Jan. 1, 1999.)