Dowling is a promoter and has decided to use a limited partnership for conducting a securities investment venture. Which of the following is unnecessary to form the partnership?
A. All limited partners' capital contributions must be paid in cash.
B. A state statute must recognize limited partnerships.
C. A limited partnership certificate must be signed by all general partners and filed in the proper office in the state.
D. The partnership must have one or more general partners and one or more limited partners.
Answer: A. All limited partners' capital contributions must be paid in cash.
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