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FINRA Series 7

Category - Series 7

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Which of the following is not in the subscription agreement for a limited partnership offering?

identification of the limited partners
qualification of the limited partners for the subscription
granting of power of attorney to the limited partners
a record of sales of the partnership interests

Explanation

Answer: C - granting of power of attorney to the limited partners. The other three choices are in the subscription agreement. Power of attorney is granted to the general partner, not the limited partners.

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FINRA Series 7

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FINRA Series 7

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