Vermont § 3405 - Records to be kept

Full text of Vermont Vermont Statutes Online § 3405 — Records to be kept, with citation guidance and answers to common questions.

§ 3405. Records to be kept

  • (a) Each limited partnership shall keep at the office referred to in subdivision 3404(1) of this title the following: (1) a current list of the full name and last known business address of each partner, separately
    identifying the general partners (in alphabetical order) and the limited partners
    (in alphabetical order); (2) a copy of the certificate of limited partnership and all certificates of amendment
    thereto, together with executed copies of any powers of attorney pursuant to which
    any certificate has been executed; (3) copies of the limited partnership’s federal, state, and local income tax returns and
    reports, if any, for the three most recent years; (4) copies of any then effective written partnership agreements and of any financial statements
    of the limited partnership for the three most recent years; and (5) unless contained in a written partnership agreement, a writing setting out: (A) the amount of cash and a description and statement of the agreed value of the other
    property or services contributed by each partner and which each partner has agreed
    to contribute; (B) the times at which or events on the happening of which any additional contributions
    agreed to be made by each partner are to be made; (C) any right of a partner to receive, or of a general partner to make, distributions
    to a partner which include a return of all or any part of the partner’s contribution;
    and (D) any events upon the happening of which the limited partnership is to be dissolved
    and its affairs wound up. (b) Records kept under this section are subject to inspection and copying at the reasonable
    request and at the expense of any partner during ordinary business hours. (Added 1997, No. 149 (Adj. Sess.), § 4, eff. Jan. 1, 1999.)

Frequently Asked Questions About Vermont § 3405

What does Vermont Statutes Online § 3405 cover?

Section 3405 ("Records to be kept") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Vermont § 3405?

A common citation format is "Vermont Statutes Online § 3405" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Vermont law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.

How does Vermont § 3405 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.