Except as provided in the certificate of limited partnership, a partner is obligated to the limited partnership to perform a promise to contribute cash or property or to perform services even if the partner is unable to perform because of death, disability, or any other reason. If the partner does not make the contribution, the limited partnership may require the partner to contribute cash equal to that portion of the value, as stated in the certificate of limited partnership, of the stated contribution that has not been made.
[C24, 27, 31, 35, 39, § 9830; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 545.25; 82 Acts, ch 1103, § 502]
C93, § 487.502
Referred to in § 487.704
Iowa General Assembly
Search: Iowa Code 1997
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