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