Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 8616 - Application of partnership agreement(a) Partnership bound.--A limited partnership is bound by and may enforce the partnership agreement, whether or not the partnership has itself manifested assent to the agreement.(b)Deemed assent.--A person that becomes a partner is deemed to assent to the partnership agreement.(c) Preformation agreement.--Two or more persons intending to become the initial partners of a limited partnership may make an agreement providing that upon the formation of the partnership the agreement will become the partnership agreement.(d)Cross reference.--See section 8621 (relating to formation of limited partnership and certificate of limited partnership).Added by P.L. TBD 2016 No. 170, § 27, eff. 2/19/2017.