§ 50-73.22:1. Admission of limited partners
A. A person becomes a limited partner on the later of:
1. The date the original certificate of limited partnership is filed; or
2. The date stated in the records of the limited partnership as the date that person becomes a limited partner.
B. After the filing of a limited partnership's initial certificate of limited partnership, a person may be admitted as an additional limited partner:
1. In the case of a person acquiring a partnership interest directly from the limited partnership, upon compliance with the partnership agreement or, if the partnership agreement does not so provide, upon the written consent of all partners; and
2. In the case of an assignee of a partnership interest of a partner who has the power, as provided in § 50-73.47, to grant the assignee the right to become a limited partner, upon the exercise of that power and compliance with any conditions limiting the grant or exercise of the power.
(1987, c. 702.)
Sections: Previous 50-73.16 50-73.17 50-73.18 50-73.19 50-73.20 50-73.21 50-73.22 50-73.22:1 50-73.23 50-73.24 50-73.25 50-73.26 50-73.27 50-73.28 50-73.29 NextLast modified: April 16, 2009