1.1.3.2.2. General Partner Rights and Obligations
The general partners have sole and exclusive control of the business affairs of the limited partnership.
• They hire all personnel to run its day-to-day operations, including agents, attorneys, accountants, and contractors.
• They pay all its expenses and maintain its books and records.
• They have the right to acquire property for the use of the business.
• They have the right to finance the LP’s activities by borrowing from third parties and pledging securities or mortgaging properties as security for the loans.
• They unilaterally