The 2023 Florida Statutes (including Special Session C)

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.

F.S. 620.1402 on Google Scholar

F.S. 620.1402 on Casetext

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 from cite.case.law:

STERLING CREST, LTD. v. BLUE ROCK PARTNERS REALTY GROUP, LLC,, 164 So. 3d 1273 (Fla. Dist. Ct. App. 2015)

. . . See § 620.1402, Fla. Stat. (2013). . . . Section 620.1402, Florida Statutes (2013), requires that, in order for a general partner to bind a limited . . . There is no record evidence indicating that Royal American complied with sections 620.1402 and 620.1406 . . .

DEGIRMENCI, v. SAPPHIRE- FORT LAUDERDALE, LLLP, a GP, LLC a, 693 F. Supp. 2d 1325 (S.D. Fla. 2010)

. . . . § 620.1402(1) states “[e]ach general partner is an agent of the limited partnership for the purposes . . .