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Iowa Code § 488.401

Becoming general partner

Known as the Uniform Limited Partnership Act

The act spans §§ 488–488 (109 sections).

2004 Acts, ch 1021, §35, 118

A person becomes a general partner according to any of the following:

1. As provided in the partnership agreement.

2. Under section 488.801, subsection 3, paragraph “b”, following the dissociation of a limited partnership’s last general partner.

3. As the result of a conversion or merger under article 11.

4. With the consent of all the partners.

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