§ 54-500-401A. Becoming general partner.  


Latest version.
  • BECOMING GENERAL PARTNER.

    A person becomes a general partner:

    (1)  as provided in the partnership agreement:

    (2)  under subparagraph (B) of paragraph (3) of Section 63 of this act following the dissociation of a limited partnership’s last general partner;

    (3)  as the result of a conversion or merger under Article 11 of this act; or

    (4)  with the consent of all the partners.

Added by Laws 2010, c. 384, § 35, eff. Jan. 1, 2011.