(a) Obligations of a limited partner.
(i) Not to take part in the management of the firms business.
(ii) Not to compete with the firm.
(iii) Disclose any personal interest to avoid conflict of interest.
(iv) Not to withdraw or receive back his share during the currency of the firm.
(b) Rights of a limited partner
(i) To inspect the firms books of accounts.
(ii) To assign his share to another person.
(iii) To receive his share of profit.
(iv) Right not to be compelled to contribute to the assets of the company.
maurice.mutuku answered the question on April 30, 2018 at 07:26
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