Arkansas Administrative Code
Agency 006 - Department of Finance and Administration
Division 05 - Division of Revenues
Regulation 1997-4 - Comprehensive Individual Income Tax Regulations
Rule 26-51-102 - DEFINITIONS
Rule 1.26-51-102(4) - Limited Partnership
Universal Citation: AR Admin Rules 1.26-51-102(4)
Current through Register Vol. 49, No. 9, September, 2024
A limited partnership is a partnership with two classes of partners: general partners, who may participate in the management of the partnership's business and who have unlimited liability for the partnership's obligations; and limited partners, who may not participate in management, and whose liability is limited to the amount of their capital contribution.
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