TITLE 30

CORPORATIONS

CHAPTER 24

LIMITED PARTNERSHIPS

PART 1

GENERAL PROVISIONS

30-24-106.  PARTNERSHIP AGREEMENT — EFFECT ON LIMITED PARTNERSHIP AND PERSON BECOMING PARTNER — PREFORMATION AGREEMENT. (a)  A limited partnership is bound by and may enforce the partnership agreement, whether or not the partnership has itself manifested assent to the agreement.

(b)  A person that becomes a partner of a limited partnership is deemed to assent to the partnership agreement.

(c)  Two (2) or more persons intending to become the initial partners of a limited partnership may make an agreement providing that upon the formation of the partnership the agreement will become the partnership agreement.

History:

[30-24-106, added 2015, ch. 243, sec. 33, p. 842.]