§ 362.433

362.433 Admission of limited partners. (1) A person shall become a limited partner on the later of: (a) The date the original certificate of limited partnership is filed; or (b) At any later date specified in the records of the limited partnership as the date that person shall become a limited part ner. (2) After the filing of a limited partnership's original certificate of limited partnership, a person may be admitted as an additional limited partner: (a) 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 (b) In the case of an assignee of a partnership interest of a partner who has the power, as provided in KRS 362.483, 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. Effective: June 26, 2007 History: Repeal the prior repeal contained in 200 6 Ky. Acts ch. 149, sec. 239, which was to have been effective January 1, 2008, 2007 Ky. Acts ch. 137, sec.

se of the power. Effective: June 26, 2007 History: Repeal the prior repeal contained in 200 6 Ky. Acts ch. 149, sec. 239, which was to have been effective January 1, 2008, 2007 Ky. Acts ch. 137, sec. 180, effective June 26, 2007. -- Repealed 2006 Ky. Acts ch. 149, sec. 239, effective January 1, 2008. -- Created 1988 Ky. Acts ch. 284, sec. 17, eff ective July 15, 1988.