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Code · Illinois · Chapter 805 — BUSINESS ORGANIZATIONS · Act 206

Sec. 901. Definitions.

68 words·~1 min read·/il/chapter-805/act-206/901

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

Sec. 901. Definitions. In this Article:
(1)"General partner" means a partner in a partnership and a general partner in a
limited partnership.
(2)"Limited partner" means a limited partner in a limited partnership.
(3)"Limited partnership" means a limited partnership created under the Uniform Limited
Partnership Act (2001), predecessor law, or comparable law of another jurisdiction.
(4)"Partner" includes both a general partner and a limited partner.
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