Delaware Act definition
Examples of Delaware Act in a sentence
The term of the Partnership commenced upon the filing of the Certificate of Limited Partnership in accordance with the Delaware Act and shall continue in existence until the dissolution of the Partnership in accordance with the provisions of Article XII.
No Limited Partner, in its capacity as such, shall participate in the operation, management or control (within the meaning of the Delaware Act) of the Partnership’s business, transact any business in the Partnership’s name or have the power to sign documents for or otherwise bind the Partnership.
The Limited Partners shall have no liability under this Agreement except as expressly provided in this Agreement or the Delaware Act.
All distributions required to be made under this Agreement shall be made subject to Section 17-607 of the Delaware Act.
Any such return shall be a compromise to which all Partners agree within the meaning of Section 17-502(b) of the Delaware Act.