The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

GENERAL PARTNER Definition & Legal Meaning

Definition & Citations:

Unincorporated business co-owners. Has unlimited personal liability for the firm’s debts in contrast to a limited partner. Member of a general partnership. One general partner’s actions bind all other general partners, exerting part-control of the firm. Known also as full partner. Also refer to limited partner.

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