Civil Code Art. 1851: Limited Partnership

Statute: Civil Code
Article: Art. 1851
Topic: Limited Partnership
Book: BOOK IV Obligations and Contracts
Title: TITLE IX PARTNERSHIP
Chapter: CHAPTER 4 Limited Partnership
Year: 1949

The provision

A limited partner shall have the same rights as a general partner to: (1) Have the partnership books kept at the principal place of business of the partnership, and at a reasonable hour to inspect and copy any of them; (2) Have on demand true and full information of all things affecting the partnership, and a formal account of partnership affairs whenever circumstances render it just and reasonable; and (3) Have dissolution and winding up by decree of court. A limited partner shall have the right to receive a share of the profits or other compensation by way of income, and to the return of his contribution as provided in articles 1856 and 1857.

Cases applying this article

La Yebana v. Julio L. Valenzuela G.R. No. 45413

Related provisions in this Chapter

Civil Code, Art. 1852 Limited Partnership
Civil Code, Art. 1847 Limited Partnership
Civil Code, Art. 1857 Limited Partnership
Civil Code, Art. 1843 Limited Partnership
Civil Code, Art. 1863 Limited Partnership
Civil Code, Art. 1865 Limited Partnership

Civil Code, Art. 1851 is found in CHAPTER 4 Limited Partnership of TITLE IX PARTNERSHIP of BOOK IV Obligations and Contracts of the Civil Code of the Philippines (Republic Act No. 386).

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