Certificate
to create limited partnership.
The undersigned, being desirous of forming a limited
partnership in pursuance of the Uniform Limited Partnership Act of _________,
authorizing the creation of such a partnership, by this agreement make and
severally sign the following certificate for that purpose:
1. The name under which the partnership is to be
conducted is _________.
2. The general nature of the business to be transacted
is _________.
3. The principal place of business of the
partnership is to be located at _________.
4. The names and places of residence of each of the
general partners are as follows: _________.
5. The names and places of residence of each of the
limited partners are as follows: _________.
6. The term for which the partnership is to exist is
_________ years.
7. The amount of cash contributed by each limited
partner is as follows: $_____ by _________, and $_____ by _________[and so
on if more than two limited partners]. The agreed value of the other
property contributed by each limited partner is as follows: _________.
8. Each limited partner is to receive _________
share of the profits of the partnership [or state other compensation by way
of income].
9. The additional contributions, "if any,"
agreed to be made by each limited partner and the times at which or events on
the happening of which they shall be made, are as follows: _________[state
times at which or events on happening of which they shall be made].
10. The time when the contribution of each limited
partner is to be returned is _________.
11. Priority of _________[or “_________ and
_________”] over other limited partners as to contributions and [or
"or"] compensation by way of income, is _________.
12. Each limited partner is to have the right to
substitute an assignee as contributor in h place on condition that
_________.
13. Additional limited partners are to be admitted
on the following terms and conditions: _________.
14. _________[one of the limited partners]
shall be entitled to priority over other limited partners to the extent of
_________.
15. On the death, retirement or insanity of a
general partner, the remaining general partner [or "partners"]
is [or "are"] to have the right to continue the partnership
business on condition that _________.
16. The limited partners are to have the right to
demand and receive property other than cash in return for their contributions
in the event that _________.
In witness of the above, we have signed this
instrument _________[date].
[Acknowledgments]
[Signatures]