A person becomes a limited partner:
(a) as provided in the partnership agreement;
(b) as the result of a conversion or merger under Article 11 (commencing with Section 15911.01); or
(c) with the consent of all the partners.
Cal. Corp. Code § 15903.01
Limited Partners
Known as the Uniform Limited Partnership Act
The act spans §§ 15900–15912 (125 sections).
Added by Stats. 2006, Ch. 495, Sec. 20
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.