Our academic experts are ready and waiting to assist with any writing project you may have. From simple essay plans, through to full dissertations, you can guarantee we have a service perfectly matched to your needs.
GET A 40% DISCOUNT ON YOU FIRST ORDER
35.7 Removal of GeneralPartnerThe Aztec Petroleum Corporation (Aztec) wasthe general partner of a limited partnership. The partnershipagreement provided that it could be amended by a vote of 70 percentof the limited partnership units. More than 70 percent of theseunits voted to amend the partnership agreement to provide that avote of 70 percent of the limited partnership units could removethe general partner and replace it with another general partner.Prior to this amendment there had been no provision for theremoval and substitution of a general partner. Texas law requiresunanimous approval of new partners unless the partnership agreementprovides otherwise.