Illinois Compiled Statutes 805 ILCS 215 Uniform Limited Partnership Act (2001). Section 401

    (805 ILCS 215/401)

    Sec. 401. Becoming general partner. A person becomes a general partner:

        (1) as provided in the partnership agreement;

        (2) under Section 801(3)(B) following the

    dissociation of a limited partnership's last general partner;

        (3) as the result of a conversion or merger under

    Article 11; or

        (4) with the consent of all the partners.

(Source: P.A. 93-967, eff. 1-1-05.)

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Last modified: February 18, 2015