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Section 301. Becoming Limited Partner

A person becomes a limited partner:

(1) as provided in the partnership agreement;

(2) as the result of a conversion or merger under [Article] 11; or

(3) with the consent of all the partners.

Comment

Source – RULPA Section 301.

Although Section 801(4) contemplates the admission of a limited partner to avoid dissolution, that provision does not itself authorize the admission. Instead, this section controls. Contrast Section 801(3)(B), which itself authorizes the admission of a general partner in order to avoid dissolution.
 
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