Indiana Code 23-16-4-1. Additional limited partners
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Sec. 1. After the formation of a limited partnership, a person may be admitted as an additional limited partner:
(2) in the case of an assignee of a partnership interest, as provided in IC 23-16-8-4.
(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
Terms Used In Indiana Code 23-16-4-1
- 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.
As added by P.L.147-1988, SEC.1.