Ala. Code § 10A-8A-1.09

Current through the 2024 Regular Session.
Section 10A-8A-1.09 - Partnership agreement; effect on partnership and persons admitted as partners
(a) A partnership is bound by and may enforce the partnership agreement, whether or not the partnership has itself manifested assent to the partnership agreement.
(b) A person that is admitted as a partner of a partnership becomes a party to and assents to the partnership agreement except as provided in Section 10A-8A-5.02(g).
(c) Two or more persons intending to be the initial partners of a partnership may make an agreement providing that upon the formation of the partnership, the agreement will become the partnership agreement.

Ala. Code § 10A-8A-1.09 (1975)

Added by Act 2018-125,§ 7, eff. 1/1/2019.