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§ 17 — Massachusetts Law | CourtGPT
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  7. § 17
Massachusetts Legal Code

§ 17

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(a) A person becomes a limited partner on the later of:\n(1) the date the original certificate of limited partnership is filed; or\n(2) the date stated in the records of the limited partnership as the date that person becomes a limited partner.\n(b) After the filing of a limited partnership's original certificate of limited partnership, a person may be admitted as an additional limited partner:\n(1) 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\n(2) in the case of an assignee of a partnership interest of a partner who has the power, as provided in section forty-two, 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.