Hawaii Revised Statutes 425E-301 – Limited partner
ARTICLE 3. LIMITED PARTNERS
[§425E-301] 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.
Terms Used In Hawaii Revised Statutes 425E-301
- Limited partner: means :
(1) With respect to a limited partnership, a person that:
(A) Becomes a limited partner under § 425E-301; or
(B) Was a limited partner in a limited partnership when the limited partnership became subject to this chapter under § 425E-1204(a) or (b); and
(2) With respect to a foreign limited partnership, a person that has rights, powers, and obligations similar to those of a limited partner in a limited partnership. See Hawaii Revised Statutes 425E-102
- Partner: means a limited partner or general partner. See Hawaii Revised Statutes 425E-102
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: includes any individual or entity. See Hawaii Revised Statutes 425E-102