Companies Law

1. A limited partnership is a company that comprises two groups of partners, one group shall include at least one partner of a natural or legal personality who shall be jointly and personally liable for the company’s debts and liabilities, and the other group shall include at least one limited partner of a natural or legal personality who shall not be liable for the company’s debts and liabilities except to the extent of his interests in the company’s capital. A limited partner shall not acquire the capacity of a merchant. 2. General partners in a limited partnership shall be subject to the provisions applicable to partners in a general partnership. 3. Absent a specific provision in this Part, a limited partnership shall be subject to the provisions of a general partnership. Chapter 2: Incorporation of a Limited Partnership