Text of the provision
Art. 1851. 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.
Civil Code of the Philippines, Republic Act No. 386, approved June 18, 1949, effective August 30, 1950. Reproduced in full; verified verbatim against the LawPhil and ChanRobles official-text renderings.
What this article means
A limited partner has the same rights as a general partner to inspect the books, demand full information and an account, and seek judicial dissolution, plus the right to his share of profits and the return of his contribution.
Related provisions
- Article 1850 — Powers of a General Partner.
- Article 1852 — Mistaken Belief of Limited Status.
Cases interpreting this article
- Authorities on this article will be added here as each is verified against primary sources.