Sec. 32.11.840. Records to be kept.

301 words·~1 min read·/ak/title-32/chapter-11/32-11-840

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)A limited partnership shall keep at the office referred to in AS 32.11.830 (a)(1) the following:

(1)a current list of the full name and last known business address of each partner, separately identifying the general partners in alphabetical order and the limited partners in alphabetical order;

(2)a copy of the certificate of limited partnership and all certificates of amendment to it, together with executed copies of a power of attorney under which a certificate has been executed;

(3)copies of the limited partnership's federal, state, and local income tax returns and reports, if any, for the three most recent years;

(4)copies of a then-effective written partnership agreement and of a financial statement of the limited partnership for the three most recent years;

(5)unless contained in a written partnership agreement, a writing setting out

(A)the amount of cash and a description and statement of the agreed value of the other property or services contributed by each partner and that each partner has agreed to contribute;

(B)the times at which or events on the happening of which additional contributions agreed to be made by each partner are to be made;

(C)the right of a partner to receive, or of a general partner to make, distributions to a partner that include a return of all or a part of the partner's contribution;

(D)events upon the happening of which the limited partnership is to be dissolved and its affairs wound up; and

(6)a copy of any statement of merger, interest exchange, conversion, or domestication filed under AS 10.55 (Alaska Entity Transactions Act).

(b)Records kept under this section are subject to inspection and copying at the reasonable request and at the expense of a partner during ordinary business hours.