A person becomes a limited partner:
(1) As provided in the partnership agreement;
(2) As the result of a merger or conversion under KRS 362.2-951 to 362.2-963; or (3) With the consent of all the partners.
KRS 362.2-301
Admission of limited partner
Known as the Kentucky Uniform Limited Partnership Act
The act spans §§ 362–362 (140 sections).
Effective: July 12, 2006 History: Created 2006 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.