Florida Statute 620.1402 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXVI
BUSINESS ORGANIZATIONS

Chapter 620
PARTNERSHIP LAWS

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F.S. 620.1402

620.1402 General partner agent of limited partnership.—

(1) Each general partner is an agent of the limited partnership for the purposes of its activities. An act of a general partner, including the signing of a record in the partnership’s name, for apparently carrying on in the ordinary course the limited partnership’s activities or activities of the kind carried on by the limited partnership binds the limited partnership, unless the general partner did not have authority to act for the limited partnership in the particular matter and the person with which the general partner was dealing knew, had received a notification, or had notice under s. 620.1103(4) that the general partner lacked authority.

(2) An act of a general partner which is not apparently for carrying on in the ordinary course the limited partnership’s activities or activities of the kind carried on by the limited partnership binds the limited partnership only if the act was approved by the other partners as provided in s. 620.1406.

History.—s. 17, ch. 2005-267.

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Amendments to 620.1402

Arrestable Offenses / Crimes under Fla. Stat. 620.1402

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 620.1402.

Annotations, Discussions, Cases:

Cases Citing Statute 620.1402

Total Results: 2

PARKER WAICHMAN LLP v. R.J. REYNOLDS TOBACCO COMPANY

Court: Fla. Dist. Ct. App. | Date Filed: 2019-10-02T00:53:00-07:00

Snippet: either general partners or limited partners. See §§ 620.1402, 620.1305, Fla. Stat. (2018). General partners…activities of a limited liability partnership. See §§ 620.1402, 620.1406, Fla. Stat. (2018). General partners…behalf and in furtherance of the partnership. See § 620.1402. Because their actions can cause the … a right to vote on the firm’s affairs. See §§ 620.1402, 620.1406(1), Fla. Stat. Parker Waichman

Sterling Crest, Ltd. v. Blue Rock Partners Realty Group, LLC

Court: Fla. Dist. Ct. App. | Date Filed: 2015-06-12T00:00:00-07:00

Citation: 164 So. 3d 1273

Snippet: of the limited partnership’s activities. See § 620.1402, Fla. Stat. (2013). Here, there is no evidence… was not established for that purpose. Section 620.1402, Florida Statutes (2013), requires that, in order…indicating that Royal American complied with sections 620.1402 and 620.1406, Florida Statutes, in obtaining the