
Last updated: 3/21/2024
Statement Of Partnership Authority {GP-1}
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Description
GP-1 - STATEMENT OF PARTNERSHIP AUTHORITY. Legal Authority: Statutory filing provisions are found in California Corporations Code section 16303. All statutory references are to the California Corporations Code, unless otherwise stated. • Unless otherwise provided in the Partnership Agreement, a person who files a Statement of Partnership Authority (Form GP-1) pursuant to Section 16105 shall promptly send a copy of the statement to every non-filing partner and to any other person named as a partner in the statement. (Sections 16103(b)(1) and 16105(e).) • In order for a statement to be effective for real estate transfers, a certified copy of the statement issued by the Secretary of State must be recorded in the office for recording transfers of real properly. (Section 16105(b).) www.FormsWorkflow.com