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Conn. Gen. Stat. § 34-16

Admission of additional limited partners

Known as the The Uniform Limited Partnership Act

The act spans §§ 34–34 (87 sections).

(1961, P.A. 79, S. 8; P.A. 79-440, S. 16; P.A. 86-379, S. 9.) History: P.A. 79-440 replaced previous provision whereby additional partners could be admitted “upon filing an amen…

After the formation of a limited partnership, a person becomes a limited partner on the later of:

(1) The date the limited partnership is formed;

(2) 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; or

(3) In the case of an assignee of a partnership interest of a partner who has the power, as provided in section 34-27a , 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.

Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.