Income limited partnership

A limited partnership whose main goal is income generation, e.g., real estate, oil equipment.

Income Limited Partnership

A limited partnership that is intended to produce income for the general partner(s) and limited partner(s), each of which would not be able to produce on his/her own. For example, the general partner may have knowledge of the business but no capital, while the limited partner has capital but no knowledge of the business. A common example of an income limited partnership is an oil & gas limited partnership.

Mentioned in ?

oil and gas income limited partnership

References in periodicals archive ?

Further to the announcement of June 17, 2014, Maple Leaf 2012 Energy Income Limited Partnership ( Maple Leaf 2012 LP ) is pleased to announce that it has entered into a definitive agreement with Maple Leaf Royalties Corp.

Canada : Agreement to Sell Oil and Gas Royalties and Suspension of Monthly Cash Distributions - Maple Leaf 2012 Energy Income LP

Maple Leaf 2011 Energy Income Limited Partnership ( Maple Leaf 2011 LP ) is pleased to report that it has completed the previously announced disposition of royalty interests in 14 oil and gas wells located in west central Alberta (the Royalties ) to Maple Leaf Royalties Corp.

United States : Oil and Gad Royalties Divestiture Completed - Maple Leaf 2011 Energy Income LP

The General Partners of Maple Leaf 2011 Energy Income Limited Partnership and Maple Leaf 2012 Energy Income Limited Partnership (the Partnerships ) are pleased to announce that the Boards of Directors have resolved to market for disposition the assets of the Partnerships pursuant to the implementation of a Liquidity Event.

Canada : Notice of Commencement of Asset Divestiture - Maple Leaf 2011 Energy Income & Maple Leaf 2012 Energy Income Limited Partnerships

Maple Leaf 2013 Oil & Gas Income Limited Partnership is pleased to announce that it has entered into a purchase and sale agreement with Waldron Energy Corporation to purchase petroleum and natural gas gross overriding royalties for a total of $7 million.

Canada : Acquisition Announcement of Gross Overriding Royalties for $7 Million - Maple Leaf 2013 Oil & Gas Income LP

Maple Leaf 2013 Oil & Gas Income Limited Partnership (the Partnership") is pleased to announce that it has completed its third and final closing on Wednesday, December 18, 2013.

Canada : Maple Leaf 2013 Oil & Gas Income Limited Partnership completes third and final closing $12,993,300 RAISED