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.