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A limited partner suspects that the general partner has been paying inflated management fees to an affiliate. The limited partner asks for recent financial statements, capital-account records, and contracts with the affiliate for the purpose of evaluating the investment.
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A limited partner generally has statutory and agreement-based rights to certain information, subject to proper purpose and reasonable limits. A limited partner loses all economic rights by asking to inspect records. A limited partner receives information rights only by becoming a general partner. A limited partner can inspect only records held by outside creditors.

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