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     Idaho Statutes

Idaho Statutes are updated to the website July 1 following the legislative session.

pecnv.out

TITLE 30
CORPORATIONS
CHAPTER 24
LIMITED PARTNERSHIPS
PART 3
LIMITED PARTNERS
30-24-301.  BECOMING LIMITED PARTNER. (a)  Upon formation of a limited partnership, a person becomes a limited partner as agreed among the persons that are to be the initial partners.
(b)  After formation, a person becomes a limited partner:
(1)  As provided in the partnership agreement;
(2)  As the result of a transaction effective under chapter 22, title 30, Idaho Code;
(3)  With the affirmative vote or consent of all the partners; or
(4)  As provided in section 30-24-801(a)(4) or (5), Idaho Code.
(c)  A person may become a limited partner without:
(1)  Acquiring a transferable interest; or
(2)  Making or being obligated to make a contribution to the limited partnership.

History:
[30-24-301, added 2015, ch. 243, sec. 35, p. 847.]


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