Which of the following is an activity that a limited partner may NOT engage in?
A) Acting as an agent of the partnership
B) Approving an amendment to the partnerships' certificate
C) Participating in management
D) Inspecting any of the partnership's financial records
E) Advising or consulting with a general partner

Question

Quizplus · Accepted Answer

Limited partners may not participate in the management of the limited partnership. Under the RULPA, a limited partner who participates in the organization's management becomes liable as a general partner if a third party had knowledge of the limited partner's activities.

Which of the Following Is an Activity That a Limited