House Bill 1244

AN ACT TO CREATE THE MISSISSIPPI UNIFORM LIMITED PARTNERSHIP ACT; TO ENACT DEFINITIONS AND OTHER GENERAL PROVISIONS; TO SPECIFY THE GOVERNING LAW AND SCOPE OF A LIMITED PARTNERSHIP AGREEMENT; TO PROVIDE A DEFAULT DURATION FOR A LIMITED PARTNERSHIP; TO CREATE TRANSITION PROVISIONS; TO SPECIFY PERMITTED NAMES AND RESERVATION OF NAMES; TO PROVIDE FOR THE FORMATION AND CERTIFICATION OF LIMITED PARTNERSHIPS AND LIMITED LIABILITY LIMITED PARTNERSHIPS; TO PROVIDE FOR OTHER FILINGS INCLUDING AMENDMENTS OR RESTATEMENT OF THE CERTIFICATE; TO ASSIGN LIABILITY FOR INACCURATE INFORMATION IN FILINGS; TO SPECIFY LIMITED PARTNERS' RIGHTS AND OBLIGATIONS; TO PROVIDE FOR GENERAL PARTNERS OF A LIMITED PARTNERSHIP; TO SPECIFY THE RIGHTS AND OBLIGATIONS OF A GENERAL PARTNER; TO SPECIFY THE FORM OF CONTRIBUTIONS AND LIABILITY THEREFOR; TO CREATE A RIGHT OF DISTRIBUTION BEFORE DISSOLUTION AND LIMITATION ON AND LIABILITY FOR DISTRIBUTIONS; TO PROVIDE FOR DISSOCIATION; TO SPECIFY THE NATURE OF TRANSFERABLE INTERESTS AND THE RIGHTS OF TRANSFEREES AND CREDITORS; TO PROVIDE FOR DISSOLUTION AND WINDING UP OF A LIMITED PARTNERSHIP; TO ALLOW REINSTATEMENT AFTER ADMINISTRATIVE DISSOLUTION; TO PROVIDE FOR ACTIONS BY PARTNERS; TO MAKE PROVISION CONCERNING FOREIGN LIMITED PARTNERSHIPS; TO PROVIDE FOR MERGER AND ALLOW FOR MERGER UNDER OTHER LAW; TO REENACT THE TEXT OF THE FEES FORMERLY SET FORTH AT SECTION 79-14-1104; TO AMEND SECTIONS 79-13-901, 79-13-1005, 79-13-1106, 79-13-1107 AND 79-35-19, MISSISSIPPI CODE OF 1972, TO CONFORM REFERENCES; TO REPEAL SECTIONS 79-14-101 THROUGH 79-14-1107, MISSISSIPPI CODE OF 1972, WHICH COMPRISE THE MISSISSIPPI LIMITED PARTNERSHIP ACT; AND FOR RELATED PURPOSES.

In the House of Representatives

• John Thomas "Trey" Lamar, III

  Sponsor

l9n doesn't hold this bill's text yet.

In the House of Representatives Jan 19 – Feb 3

1. Jan 19Referred to the House committee on Judiciary A
2. Feb 3Died in committee in the House