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
004
:
GENERAL PARTNERS
(Cite as: 11 V.S.A. § 3434)
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§ 3434. Contributions by general partner
A general partner of a limited partnership may make contributions to the 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 or her participation in the partnership as a limited partner. (Added 1997, No. 149 (Adj. Sess.), § 4, eff. Jan. 1, 1999.)