☰ Revisor of Missouri

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS

Chapter 359

< > Effective - 28 Aug 1990 bottom

  359.181.  When person becomes limited partner — admission of additional limited partner. — 1.  A person becomes a limited partner on the later of:

  (1)  The date the original certificate of limited partnership is filed; or

  (2)  The date stated in the records of the limited partnership as the date that person becomes a limited partner.

  2.  After the filing of a limited partnership's original 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 the compliance with the partnership agreement or, if the partnership agreement does not so provide, upon the written consent of all partners;

  (2)  In the case of an assignee of a partnership interest of a partner who has the power, as provided in section 359.431, 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.

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(L. 1985 H.B. 512 & 650, A.L. 1990 H.B. 1432)


---- end of effective   28 Aug 1990 ----

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