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Are limited partners allowed to participate in management of the partnership under ULPA or RULPA?

User John Kenn
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Final answer:

Limited partners are generally not allowed to participate in the management of the partnership under ULPA or RULPA.

Step-by-step explanation:

Under the Uniform Limited Partnership Act (ULPA) and the Revised Uniform Limited Partnership Act (RULPA), limited partners are generally not allowed to participate in the management of the partnership.

They are passive investors who primarily contribute capital to the partnership and have limited liability for the partnership's debts and obligations.

The general partners, on the other hand, are responsible for managing the partnership's operations and making business decisions.

User Nouman Ch
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