Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS Chapter 359 Effective - 28 Aug 1990 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. -------- (L. 1985 H.B. 512 & 650, A.L. 1990 H.B. 1432)
Missouri Legal Code