text: The partnership agreement states the conditions under which it can be terminated by the general or limited partner.  The state under which it is made specifies the specifics that are implied or required to be stated.\n\nGeneral partner finding limited partner not living up to particulars of agreement\n\nLimite partner finding general partner not living up to particulars of agreement\n\nEither partner using the agreement in violation of state law.\n\n\nA limited partnership is a partnership composed of two types of partners, general partners who are\nmanagers and limited partners who are investors. At least two persons are required to organize a limited\npartnership. A person can be both a general and a limited partner but a limited partnership cannot be\norganized unless there are at least two persons with at least one being a general partner and at least one\nbeing a limited partner.\nA limited partnership is created by adoption of a partnership agreement which contains conditions under\nwhich the partnership will operate and conduct its business. The partnership agreement is not filed with\nthe Bureau.\nSection 201, Act 213, P.A. 1982 lists information required in the certificate of limited partnership. Sections\n1 through 11 of form C&S 401 MUST be completed to reflect this information.\nSection 206(3) permits the administrator to require limited partnership documents to be on its forms. The\nBureau has determined its forms, or documents following the outline of its forms, must be used.\nThe contents of the certificate of limited partnership are taken from the partnership agreement but the\nagreement itself is not filed with the Bureau. Sections 4 through 10 need not reflect the entire provision\nfrom the partnership agreement; a synopsis is sufficient so long as the information required by statute is\nprovided.\nThe document must be reviewed to determine that it substantially complies with the Act. For example, it\nmust conform to law and be consistent with attorney general opinions, guidelines and policies; it must be\nsigned in ink; fees must be paid; etc.\nFollowing are specific items to be considered in determining whether or not the Certificate of Limited\nPartnership can be filed.\n\nA limited partnership is a partnership composed of two types of partners, general partners who are\nmanagers and limited partners who are investors. At least two persons are required to organize a limited\npartnership. A person can be both a general and a limited partner but a limited partnership cannot be\norganized unless there are at least two persons with at least one being a general partner and at least one\nbeing a limited partner.\nA limited partnership is created by adoption of a partnership agreement which contains conditions under\nwhich the partnership will operate and conduct its business. The partnership agreement is not filed with\nthe Bureau.\nSection 201, Act 213, P.A. 1982 lists information required in the certificate of limited partnership. Sections\n1 through 11 of form C&S 401 MUST be completed to reflect this information.\nSection 206(3) permits the administrator to require limited partnership documents to be on its forms. The\nBureau has determined its forms, or documents following the outline of its forms, must be used.\nThe contents of the certificate of limited partnership are taken from the partnership agreement but the\nagreement itself is not filed with the Bureau. Sections 4 through 10 need not reflect the entire provision\nfrom the partnership agreement; a synopsis is sufficient so long as the information required by statute is\nprovided.\nThe document must be reviewed to determine that it substantially complies with the Act. For example, it\nmust conform to law and be consistent with attorney general opinions, guidelines and policies; it must be\nsigned in ink; fees must be paid; etc.\nFollowing are specific items to be considered in determining whether or not the Certificate of Limited\nPartnership can be 