Current through 2024 Session Acts Chapter 111 and 2024 Special Session Acts Chapter 4
Section 56-1a201 - Admission of additional limited partners(a) A person becomes a limited partner:(1) At the time the limited partnership is formed; or(2) at any later time specified in the records of the limited partnership for becoming a limited partner.(b) After the filing of a limited partnership's initial certificate of limited partnership, a person may be admitted as an additional limited partner:(1) In the case of a person acquiring a partnership interest directly from the limited partnership, upon compliance with the partnership agreement or, if the partnership agreement does not so provide, upon the written consent of all partners; and(2) in the case of an assignee of a partnership interest of a partner who has the power, as provided in K.S.A. 56-1a404 and amendments thereto, to grant the assignee the right to become a limited partner, upon the exercise of that power and compliance with any conditions limiting the grant or exercise of the power.L. 1983, ch. 88, § 18; L. 1987, ch. 208, § 8; July 1.