620.1402
General partner agent of limited partnership.
Find cases:
SyfertCases citing this section
FL-LEGleg.state.fl.us
JustiaFla. Statutes
CornellLII Search
CasesGoogle Scholar
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.
Notes of Decisions
Cited in 3
cases, 2010–2019 · leading case: Degirmenci v. Sapphire-Fort Lauderdale, Lllp
Degirmenci v. Sapphire-Fort Lauderdale, Lllp (2010)
“The Court notes that Fla. Stat. § 620.1402 (1) states “[e]ach general partner is an agent of the limited partnership for the purposes of its activities.”
Sterling Crest, Ltd. v. Blue Rock Partners Realty Group, LLC (2015)
“See § 620.1402, Fla. Stat. (2013). Here, there is no evidence suggesting that the sale of the Property, the limited partnership’s sole asset, was an act in the ordinary course of the limited partnership’s activities.”
PARKER WAICHMAN LLP v. R.J. REYNOLDS TOBACCO COMPANY (2019)
“General partners can also bind the partnership by any actions that they take on behalf and in furtherance of the partnership.”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.