79-14-301 - Admission of limited partners. - Mississippi Statutes

§ 79-14-301. Admission of limited partners.
 

(a)  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. 

(b)  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; and 

(2) In the case of an assignee of a partnership interest, upon compliance with subsection (a) of Section 79-14-704. 
 

Sources: Laws,  1987, ch. 488, § 301, eff from and after January 1, 1988.