If a limited partner in a real estate direct participation program becomes involved in the management of the office building acquired by the partnership, which of the following is TRUE?
A) That limited partner's limited liability is jeopardized.
B) This is allowed, but only with a majority vote of the other limited partners and written approval of the sponsor.
C) The limited partner's participation is disallowed and the program continues as before, but the remaining partners are required to prorate the remaining unit.
D) There are no adverse consequences if, in performing management functions, the limited partner's expertise benefits the program.
Ans: A) That limited partner's limited liability is jeopardized.
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