Title 14, Chapter 9, Section 305
( 14-9-305)
(a) Subject to such reasonable procedural standards as may be set
forth in the partnership agreement or otherwise established by the
general partners, a limited partner may, for any purpose reasonably
related to the limited partner's interest as a limited partner: (1) Upon his reasonable request during ordinary business hours inspect at the registered office of the limited partnership and copy at his expense any partnership record required to be maintained by Code Section 14-9-105; (2) Upon his reasonable request during ordinary business hours
inspect and copy at his expense other partnership books and
records of account; and (3) Obtain from the general partners from time to time upon
reasonable request: (A) True information to such extent and in such form as is
reasonably related to such limited partner's interest as a
limited partner, regarding the state of the business and
financial condition of the limited partnership; (B) Promptly after becoming available, a copy of the limited
partnership's federal, state, and local income tax returns for
each year; and (C) Other information regarding the affairs of the limited
partnership as is just and reasonable; provided, however, that a
general partner shall have the right to keep confidential from
limited partners for such period of time as the general partner
deems reasonable, any information which the general partner
reasonably believes to be in the nature of trade secrets or
other information, the disclosure of which the general partner
in good faith believes is not in the best interests of the
limited partnership or could damage the limited partnership or
its business or which the limited partnership is required by law
or by agreement with a third party to keep confidential. (b) If the limited partnership or a partner or agent of the limited
partnership refuses to permit the inspection authorized by
subsection (a) of this Code section, the limited partner demanding
inspection may apply to the superior court for the county in which
the registered office of the limited partnership is located, upon
such notice as the court may require, for an order directing the
limited partnership, its partners, or agent to show cause why an
order permitting such inspection by the applicant should not be
granted. The court shall hear the parties summarily, by affidavit
or otherwise, and if the limited partnership fails to establish that
the applicant is not entitled to such inspection, the court shall
grant an order permitting such inspection, subject to any
limitations which the court may prescribe, and grant such other
relief, including costs and reasonable attorneys' fees, as the court
may deem just and proper. |