Series 22: 1.1.3.2.2.2. Limitations Of The General Partner’s Powers

 1.1.3.2.2.2.  Limitations of the General Partner’s Powers

While the general partners have substantial powers to run the business, these powers are not without limits. Certain actions require the approval of the limited partners. These include:

• the admission of a new general or limited partner

• the admission of a substitute gene