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487.401 Admission of additional general partners.

After the filing of a limited partnership's original certificate of limited partnership, additional general partners shall be admitted only with the specific written consent of each partner. However, if the certificate of limited partnership or the partnership agreement names a person to be admitted as a general partner upon the occurrence of a specified circumstance or at a specified time, the consent required is deemed to have been given.

Section History: Early form

[C24, 27, 31, 35, 39, § 9816; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 545.11; 82 Acts, ch 1103, § 401]

Section History: Recent form

C93, § 487.401

Internal References

Referred to in § 487.801

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