Wisconsin Standard Provision to Limit Changes in a Partnership Entity

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US-OL203A
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Description

This office lease provision refers to a tenant that is a partnership or if the tenant's interest in the lease shall be assigned to a partnership. Any such partnership, professional corporation and such persons will be held by this provision of the lease.

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FAQ

Any limit on a partner's capacity to act on the partnership's behalf does not affect a third party who does not know about it. The extent of implied authority is generally broader for agents than for partners. In most states, a general partner is jointly and severally liable for all partnership obligations.

In a limited partnership (LP), at least one partner has unlimited liability?the general partner(s). The other partners (limited partners) have limited liability, meaning their personal assets typically cannot be used to satisfy business debts and liabilities.

346.503 Parking spaces for vehicles displaying special registration plates or special identification cards. (1) In this section, ?motor vehicle used by a physically disabled person" means a motor vehicle bearing special registration plates issued under s.

Wisconsin Legislature: 346.04. 346.04 Obedience to traffic officers, signs and signals; fleeing from officer. (1) No person including a personal delivery device operator shall fail or refuse to comply with any lawful order, signal, or direction of a traffic officer.

Wisconsin Legislature: 71.21(6)(a) (3) Liability for payment of taxes due from decedent. Any income, withholding, sales, or use taxes, penalties, interest, and costs found to be due from a decedent, an estate, or a trust for any of the years open to assessment under s.

(1) No person shall drive a motor vehicle at a speed so slow as to impede the normal and reasonable movement of traffic except when reduced speed is necessary for safe operation or is necessary to comply with the law.

346.675 Vehicle owner's liability for failing to stop at the scene of an accident. (1) Subject to s. 346.01 (2), the owner of a vehicle operated in the commission of a violation of s. 346.67 (1), 346.68, or 346.69 shall be liable for the violation as provided in this section.

Section 346.67 of the Wisconsin Statutes is violated when the operator of any vehicle involved in an accident on a highway fails to reasonably investigate what was struck and if the operator knows or has reason to know that the accident resulted in (injury to a person) (death of a person) (damage to a vehicle driven or ...

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Wisconsin Standard Provision to Limit Changes in a Partnership Entity