Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Does each limited partner need to have a separate independent representative or can one independent representative serve for all limited partners?

April 26, 2017independent limited partner partners representative separate serve

0

Posted

Does each limited partner need to have a separate independent representative or can one independent representative serve for all limited partners?

1 Answer

0

Posted

The representative can serve for all limited partners, so long as the representative is, in fact, independent and satisfies the definition in rule 206(4)-2(d)(4).