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Question
If Gerard Koontz retires from being a general partner in a limited partnership, which of the following is true?
A) A member from Mr. Koontz's immediate family is allowed to take his partnership interest.
B) Only the person Mr. Koontz nominates can take his partnership interest.
C) The partnership is dissolved, according to RULPA norms.
D) The partnership operates normally, without a general partner.
Answer
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