9 Summary of California Law (10th), Partnership

<d1.o n="I. ">INTRODUCTION

<d2.o n="A. " sec="[§1] ">Statutes Affecting Partnerships.

<d2.o n="B. ">Fictitious Business Name.

<d3.o n="1. " sec="[§2] ">In General.

<d3.o n="2. " sec="[§3] ">Fictitious Name Defined.

<d3.o n="3. " sec="[§4] ">Coverage and Exclusions.

<d3.o n="4. ">Procedure.

<d4.o n="(a) " sec="[§5] ">Fictitious Name Statement.

<d4.o n="(b) " sec="[§6] ">Expiration and Change in Facts.

<d4.o n="(c) " sec="[§7] ">Withdrawal and Abandonment.

<d3.o n="5. " sec="[§8] ">Effect of Failure To Comply.

<d2.o n="C. ">Joint Venture.

<d3.o n="1. " sec="[§9] ">Nature and Distinctions.

<d3.o n="2. " sec="[§10] ">Proof of Oral Agreement.

<d3.o n="3. ">Incidents of Relation.

<d4.o n="(a) " sec="[§11] ">Sharing of Profits and Losses.

<d4.o n="(b) " sec="[§12] ">Accounting Among Members.

<d4.o n="(c) " sec="[§13] ">Duty To Share Business Opportunity.

<d4.o n="(d) " sec="[§14] ">Relations With Third Persons.

<d1.o n="II. ">GENERAL PARTNERSHIP

<d2.o n="A. ">Uniform Partnership Act of 1994.

<d3.o n="1. " sec="[§15] ">Statutory Development.

<d3.o n="2. " sec="[§16] ">Organization.

<d3.o n="3. " sec="[§17] ">Definitions.

<d3.o n="4. " sec="[§18] ">Knowledge, Notice, and Notification.

<d3.o n="5. " sec="[§19] ">Partnership Agreement.

<d3.o n="6. " sec="[§20] "> Statements.

<d3.o n="7. " sec="[§21] ">Governing Law.

<d2.o n="B. ">Nature and Formation of Partnership.

<d3.o n="1. " sec="[§22] ">In General.

<d3.o n="2. " sec="[§23] ">Distinct Entity.

<d3.o n="3. ">Determining Formation.

<d4.o n="(a) " sec="[§24] ">Coownership and Revenue Sharing.

<d4.o n="(b) " sec="[§25] ">Intention To Carry on Business.

<d4.o n="(c) " sec="[§26] ">Partnership by Estoppel.

<d2.o n="C. ">Partnership Property.

<d3.o n="1. " sec="[§27] ">Nature and Acquisition of Property.

<d3.o n="2. " sec="[§28] ">Interest of Partner.

<d3.o n="3. " sec="[§29] ">Transfer.

<d2.o n="D. ">Relations Between Partners.

<d3.o n="1. " sec="[§30] ">Fiduciary Relationship.

<d3.o n="2. " sec="[§31] ">Good Faith and Fair Dealing.

<d3.o n="3. " sec="[§32] ">Permissible Partner Activity.

<d3.o n="4. " sec="[§33] ">Rights and Entitlements of Partners.

<d3.o n="5. " sec="[§34] ">Actions Between Partners.

<d2.o n="E. ">Relations With Third Parties.

<d3.o n="1. " sec="[§35] ">Partner as Agent.

<d3.o n="2. " sec="[§36] ">Statement of Authority.

<d3.o n="3. " sec="[§37] ">Purported Partner.

<d3.o n="4. " sec="[§38] ">Liability of Partnership for Wrongful Acts.

<d3.o n="5. " sec="[§39] ">Joint and Several Liability.

<d3.o n="6. " sec="[§40] ">Remedies of Creditors.

<d2.o n="F. ">Dissociation of Partner.

<d3.o n="1. " sec="[§41] ">In General.

<d3.o n="2. ">Events Causing Dissociation.

<d4.o n="(a) " sec="[§42] ">In General.

<d4.o n="(b) " sec="[§43] ">Expulsion.

<d3.o n="3. " sec="[§44] ">Effect of Dissociation.

<d3.o n="4. " sec="[§45] ">Buyout of Dissociating Partner''&apos;s Interest.

<d2.o n="G. ">Dissolution and Winding Up.

<d3.o n="1. " sec="[§46] ">In General.

<d3.o n="2. " sec="[§47] ">Conditions for Dissolution.

<d3.o n="3. " sec="[§48] ">Effect of Dissolution.

<d3.o n="4. " sec="[§49] ">Settlement of Accounts and Contributions.

<d2.o n="H. ">Reorganization.

<d3.o n="1. " sec="[§50] ">In General.

<d3.o n="2. " sec="[§51] ">Definitions.

<d3.o n="3. ">Conversion.

<d4.o n="(a) " sec="[§52] ">In General.

<d4.o n="(b) " sec="[§53] ">Plan.

<d4.o n="(c) " sec="[§54] ">Effect.

<d4.o n="(d) " sec="[§55] ">Statement.

<d4.o n="(e) " sec="[§56] ">Record Ownership of Real Property.

<d3.o n="4. ">Merger.

<d4.o n="(a) " sec="[§57] ">In General.

<d4.o n="(b) " sec="[§58] ">Agreement.

<d4.o n="(c) " sec="[§59] ">Effect.

<d4.o n="(d) " sec="[§60] ">Certificate, Statement, or Merger Agreement.

<d4.o n="(e) " sec="[§61] ">Record Ownership of Real Property.

<d1.o n="III. ">LIMITED PARTNERSHIP

<d2.o n="A. ">California Revised Limited Partnership Act.

<d3.o n="1. " sec="[§62] ">Statutory Development.

<d3.o n="2. " sec="[§63] ">Agreement Varying Effect of Act.

<d3.o n="3. " sec="[§64] ">Definitions.

<d3.o n="4. " sec="[§65] "> name.

<d3.o n="5. " sec="[§66] ">Office and Records.

<d3.o n="6. " sec="[§67] ">Agent and Service of Process.

<d3.o n="7. " sec="[§68] ">Authorized Activity.

<d2.o n="B. ">Nature and Formation of Limited Partnership.

<d3.o n="1. " sec="[§69] ">Nature of Limited Partnership.

<d3.o n="2. " sec="[§70] ">Partnership Agreement.

<d3.o n="3. " sec="[§71] ">Certificate of Limited Partnership.

<d3.o n="4. " sec="[§72] ">Certificate of Amendment.

<d3.o n="5. " sec="[§73] ">Restated Certificate of Limited Partnership.

<d3.o n="6. " sec="[§74] ">Execution of Certificates.

<d2.o n="C. ">Limited Partners.

<d3.o n="1. " sec="[§75] ">Admission of Additional Limited Partners.

<d3.o n="2. " sec="[§76] ">Personal Liability.

<d3.o n="3. " sec="[§77] ">Fiduciary Duty to Limited Partnership.

<d3.o n="4. ">Rights of Limited Partners.

<d4.o n="(a) " sec="[§78] ">Information and Inspection.

<d4.o n="(b) " sec="[§79] ">Meetings.

<d4.o n="(c) " sec="[§80] ">Voting.

<d4.o n="(d) " sec="[§81] ">Enforcement of Rights.

<d4.o n="(e) " sec="[§82] ">Protection of Rights in Rollup Transactions.

<d3.o n="5. " sec="[§83] ">Certificate of Interest.

<d2.o n="D. ">General Partners.

<d3.o n="1. " sec="[§84] ">Admission of Additional General Partners.

<d3.o n="2. " sec="[§85] ">Termination of General Partner''&apos;s Status.

<d3.o n="3. " sec="[§86] ">Rights, Powers, and Liabilities.

<d2.o n="E. ">Capital, Contributions, and Distributions.

<d3.o n="1. " sec="[§87] ">Capital Account and Contributions.

<d3.o n="2. " sec="[§88] ">Distributions to Partners.

<d2.o n="F. ">Withdrawal and Termination.

<d3.o n="1. " sec="[§89] ">Withdrawal or Termination of General Partner.

<d3.o n="2. " sec="[§90] ">Withdrawal of Limited Partner.

<d2.o n="G. ">Assignment of Partnership Interest.

<d3.o n="1. " sec="[§91] ">Nature of Interest.

<d3.o n="2. " sec="[§92] ">Rights of Creditors.

<d3.o n="3. " sec="[§93] ">Assignee as Limited Partner.

<d3.o n="4. " sec="[§94] ">Power of Limited Partner''&apos;s Representative.

<d2.o n="H. ">Dissolution.

<d3.o n="1. " sec="[§95] ">Nonjudicial Dissolution.

<d3.o n="2. " sec="[§96] ">Judicial Dissolution.

<d3.o n="3. " sec="[§97] ">Winding Up.

<d3.o n="4. " sec="[§98] ">Distribution of Assets.

<d3.o n="5. " sec="[§99] ">Power To Bind Partnership.

<d3.o n="6. " sec="[§100] ">Certificates of Dissolution, Cancellation, and Continuation.

<d2.o n="I. ">Foreign Limited Partnerships.

<d3.o n="1. " sec="[§101] ">In General.

<d3.o n="2. " sec="[§102] ">Registration.

<d3.o n="3. " sec="[§103] ">Doing Business Without Registration.

<d2.o n="J. ">Class Actions and Derivative Actions.

<d3.o n="1. " sec="[§104] ">Right of Action and Pleading.

<d3.o n="2. " sec="[§105] ">Defendant''&apos;s Motion To Furnish Security.

<d2.o n="K. ">Reorganization.

<d3.o n="1. ">Conversion.

<d4.o n="(a) " sec="[§106] ">In General.

<d4.o n="(b) " sec="[§107] ">Plan.

<d4.o n="(c) " sec="[§108] ">Effect.

<d4.o n="(d) " sec="[§109] ">Statement.

<d3.o n="2. ">Merger.

<d4.o n="(a) " sec="[§110] ">In General.

<d4.o n="(b) " sec="[§111] ">Agreement.

<d4.o n="(c) " sec="[§112] ">Certificate of Merger.

<d4.o n="(d) " sec="[§113] ">Effect.

<d4.o n="(e) " sec="[§114] ">Merger of Domestic and Foreign Limited Partnerships.

<d4.o n="(f) " sec="[§115] ">Record Ownership of Real Property.

<d3.o n="3. ">Dissenting Limited Partner''&apos;s Rights.

<d4.o n="(a) " sec="[§116] ">In General.

<d4.o n="(b) " sec="[§117] ">Definitions.

<d4.o n="(c) " sec="[§118] ">Notice and Demand.

<d4.o n="(d) " sec="[§119] ">Determination of Fair Market Value.

<d4.o n="(e) " sec="[§120] ">Rights and Privileges of Dissenting Limited Partners.

<d4.o n="(f) " sec="[§121] ">Right To Attack Reorganization.

<d1.o n="IIIA. ">UNIFORM LIMITED PARTNERSHIP ACT OF 2008

<d2.o n="A. ">(New) In General.

<d3.o n="1. " sec="[§121A] ">(New) Adoption and Effect.

<d3.o n="2. " sec="[§121B] ">(New) Organization.

<d3.o n="3. " sec="[§121C] ">(New) Definitions.

<d3.o n="4. " sec="[§121D] ">(New) Knowledge, Notice, and Notification.

<d3.o n="5. " sec="[§121E] ">(New) Name.

<d3.o n="6. " sec="[§121F] ">(New) Office and Information.

<d3.o n="7. " sec="[§121G] ">(New) Agent and Service of Process.

<d3.o n="8. " sec="[§121H] ">(New) Partners.

<d3.o n="9. " sec="[§121-I] ">(New) Filing Requirements.

<d2.o n="B. ">(New) Nature and Formation of Limited Partnership.

<d3.o n="1. " sec="[§121J] ">(New) Nature of Limited Partnership.

<d3.o n="2. " sec="[§121K] ">(New) Partnership Agreement.

<d3.o n="3. " sec="[§121L] ">(New) Certificate of Limited Partnership.

<d3.o n="4. " sec="[§121M] ">(New) Amendment or Correction of Certificate.

<d3.o n="5. " sec="[§121N] ">(New) Restated Certificate.

<d2.o n="C. ">(New) Limited Partners.

<d3.o n="1. " sec="[§121-O] ">(New) Admission of Limited Partners.

<d3.o n="2. " sec="[§121P] ">(New) Participation and Liability.

<d3.o n="3. " sec="[§121Q] ">(New) Discharge of Duties.

<d3.o n="4. " sec="[§121R] ">(New) Rights of Limited Partners.

<d2.o n="D. ">(New) General Partners.

<d3.o n="1. " sec="[§121S] ">(New) Admission of General Partners.

<d3.o n="2. " sec="[§121T] ">(New) Action of General Partners.

<d3.o n="3. " sec="[§121U] ">(New) Liability of General Partners.

<d3.o n="4. " sec="[§121V] ">(New) Fiduciary Duties.

<d3.o n="5. " sec="[§121W] ">(New) Management and Conduct of Business.

<d3.o n="6. " sec="[§121X] ">(New) Access to Information.

<d3.o n="7. " sec="[§121Y] ">(New) Actions and Judgments.

<d2.o n="E. ">(New) Contributions and Distributions.

<d3.o n="1. " sec="[§121Z] ">(New) Contributions.

<d3.o n="2. " sec="[§121AA] ">(New) Distributions.

<d2.o n="F. ">(New) Dissociation.

<d3.o n="1. " sec="[§121BB] ">(New) Dissociation as Limited Partner.

<d3.o n="2. " sec="[§121CC] ">(New) Dissolution of General Partnership.

<d2.o n="G. " sec="[§121DD] ">(New) Transferable Interests.

<d2.o n="H. ">(New) Dissolution.

<d3.o n="1. " sec="[§121EE] ">(New) Nonjudicial Dissolution.

<d3.o n="2. " sec="[§121FF] ">(New) Judicial Dissolution.

<d3.o n="3. " sec="[§121GG] ">(New) Winding Up.

<d3.o n="4. " sec="[§121HH] ">(New) Acts After Dissolution.

<d3.o n="5. " sec="[§121-II] ">(New) Claims.

<d3.o n="6. " sec="[§121JJ] ">(New) Distribution of Assets.

<d2.o n="I. " sec="[§121KK] ">(New) Foreign Limited Partnership.

<d2.o n="J. " sec="[§121LL] ">(New) Actions by Partners.

<d2.o n="K. ">(New) Reorganization.

<d3.o n="1. ">(New) Conversion.

<d4.o n="(a) " sec="[§121MM] ">(New) In General.

<d4.o n="(b) " sec="[§121NN] ">(New) Plan.

<d4.o n="(c) " sec="[§121-OO] ">(New) Effect.

<d4.o n="(d) " sec="[§121PP] ">(New) Statement.

<d3.o n="2. ">(New) Merger.

<d4.o n="(a) " sec="[§121QQ] ">(New) In General.

<d4.o n="(b) " sec="[§121RR] ">(New) Agreement.

<d4.o n="(c) " sec="[§121SS] ">(New) Certificate of Merger.

<d4.o n="(d) " sec="[§121TT] ">(New) Effect.

<d4.o n="(e) " sec="[§121UU] ">(New) Merger of Domestic and Foreign Limted Partnerships.

<d4.o n="(f) " sec="[§121VV] ">(New) Record Ownership of Real Property.

<d3.o n="3. ">(New) Dissenting Limited Partner's Rights.

<d4.o n="(a) " sec="[§121WW] ">(New) In General.

<d4.o n="(b) " sec="[§121XX] ">(New) Definitions.

<d4.o n="(c) " sec="[§121YY] ">(New) Notice and Demand.

<d4.o n="(d) " sec="[§121ZZ] ">(New) Determination of Fair Market Value.

<d4.o n="(e) " sec="[§121AAA] ">(New) Rights and Privileges of Dissenting Limited Partners.

<d4.o n="(f) " sec="[§121BBB] ">(New) Right to Attack Reorganization.

<d1.o n="IV. ">LIMITED LIABILITY PARTNERSHIP

<d2.o n="A. ">In General.

<d3.o n="1. " sec="[§122] ">Statutory Authorization.

<d3.o n="2. " sec="[§123] ">Limited Liability Partnership Defined.

<d3.o n="3. " sec="[§124] ">Security for Claims.

<d3.o n="4. " sec="[§125] ">Compliance With Professional Requirements.

<d3.o n="5. " sec="[§126] ">Agent for Service of Process.

<d2.o n="B. ">Registered Limited Liability Partnership.

<d3.o n="1. " sec="[§127] ">Registration.

<d3.o n="2. " sec="[§128] ">Amendment.

<d3.o n="3. " sec="[§129] ">Conversion of Domestic Partnership.

<d3.o n="4. " sec="[§130] ">Limitation on Partner''&apos;s Liability.

<d3.o n="5. " sec="[§131] ">Limitation on Distributions.

<d2.o n="C. ">Foreign Limited Liability Partnership.

<d3.o n="1. " sec="[§132] ">In General.

<d3.o n="2. ">Registration.

<d4.o n="(a) " sec="[§133] ">In General.

<d4.o n="(b) " sec="[§134] ">Amendment of Withdrawal.

<d4.o n="(c) " sec="[§135] ">Failure To Register.

<d1.o n="V. ">LIMITED LIABILITY COMPANY

<d2.o n="A. ">In General.

<d3.o n="1. " sec="[§136] ">Nature of Limited Liability Company.

<d3.o n="2. " sec="[§137] ">Scope and Purpose of Act.

<d3.o n="3. " sec="[§138] ">Agreement Varying Effect of Act.

<d3.o n="4. " sec="[§139] ">Definitions.

<d3.o n="5. " sec="[§140] "> name.

<d3.o n="6. " sec="[§141] ">Agent and Service of Process.

<d3.o n="7. " sec="[§142] ">Office and Records.

<d3.o n="8. " sec="[§143] ">Authorized Activity.

<d3.o n="9. " sec="[§144] ">Statutory Powers.

<d2.o n="B. ">Formation.

<d3.o n="1. ">Articles of Organization.

<d4.o n="(a) " sec="[§145] ">Execution and Content.

<d4.o n="(b) " sec="[§146] ">Amendment.

<d3.o n="2. " sec="[§147] ">Operating Agreement.

<d3.o n="3. " sec="[§148] ">Certificate of Correction.

<d3.o n="4. " sec="[§149] ">Execution of Documents.

<d3.o n="5. " sec="[§150] ">Biennial Statement.

<d2.o n="C. ">Members.

<d3.o n="1. " sec="[§151] ">Definition.

<d3.o n="2. " sec="[§152] ">Membership Interest.

<d3.o n="3. " sec="[§153] ">Personal Liability.

<d3.o n="4. ">Rights of Members.

<d4.o n="(a) " sec="[§154] ">In General.

<d4.o n="(b) " sec="[§155] ">Enforcement of Rights.

<d3.o n="5. " sec="[§156] ">Capital Contributions.

<d3.o n="6. " sec="[§157] ">Allocation of Profits and Losses.

<d3.o n="7. " sec="[§158] ">Distributions to Members.

<d3.o n="8. " sec="[§159] ">Withdrawal.

<d2.o n="D. ">Assignment of Membership or Economic Interest.

<d3.o n="1. " sec="[§160] ">Nature of Interest.

<d3.o n="2. " sec="[§161] ">Rights of Creditors.

<d3.o n="3. " sec="[§162] ">Membership of Assignee.

<d3.o n="4. " sec="[§163] ">Power of Member''&apos;s Representative.

<d2.o n="E. ">Management.

<d3.o n="1. " sec="[§164] ">Business and Affairs Managed by Members.

<d3.o n="2. " sec="[§165] ">Business and Affairs Managed by Manager.

<d3.o n="3. " sec="[§166] ">Officers.

<d3.o n="4. " sec="[§167] ">Agents.

<d3.o n="5. " sec="[§168] ">Personal Liability of Managers and Officers.

<d3.o n="6. " sec="[§169] ">Indemnification.

<d3.o n="7. " sec="[§170] ">Failure To Execute or File Document.

<d3.o n="8. " sec="[§171] ">Penalty For False and Deceptive Acts.

<d2.o n="F. ">Dissolution.

<d3.o n="1. " sec="[§172] ">Nonjudicial Dissolution.

<d3.o n="2. " sec="[§173] ">Judicial Dissolution.

<d3.o n="3. " sec="[§174] ">Winding Up.

<d3.o n="4. " sec="[§175] ">Distribution.

<d3.o n="5. " sec="[§176] ">Action Against Dissolved Company.

<d3.o n="6. " sec="[§177] ">Certificates of Dissolution, Cancellation, and Continuation.

<d2.o n="G. ">Foreign Limited Liability Company.

<d3.o n="1. " sec="[§178] ">In General.

<d3.o n="2. " sec="[§179] ">Registration.

<d3.o n="3. " sec="[§180] ">Doing Business Without Registration.

<d2.o n="H. ">Reorganization.

<d3.o n="1. ">Conversion.

<d4.o n="(a) " sec="[§181] ">In General.

<d4.o n="(b) " sec="[§182] ">Plan.

<d4.o n="(c) " sec="[§183] ">Effect.

<d4.o n="(d) " sec="[§184] ">Statement.

<d3.o n="2. ">Merger.

<d4.o n="(a) " sec="[§185] ">In General.

<d4.o n="(b) " sec="[§186] ">Agreement.

<d4.o n="(c) " sec="[§187] ">Certificate of Merger.

<d4.o n="(d) " sec="[§188] ">Effect.

<d4.o n="(e) " sec="[§189] ">Merger of Domestic and Foreign Limited Liability Companies.

<d4.o n="(f) " sec="[§190] ">Record Ownership of Real Property.

<d3.o n="3. " sec="[§191] ">Dissenting Member''&apos;s Rights.

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