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N.H. Rev. Stat. Ann. § 304-B:17

Admission of Limited Partners

Known as the Uniform Limited Partnership Act

The act spans §§ 304-B:1 to 304-B:9-a (81 sections).

Source. 1987, 349:1, eff

I. A person becomes a limited partner:

(a) At the time the limited partnership is formed; or

(b) At any later time specified in the records of the limited partnership for becoming a limited partner.

II. After the filing of a limited partnership's original certificate of limited partnership, a person may be admitted as an additional limited partner:

(a) 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; and

(b) In the case of an assignee of a partnership interest of a partner who has the power, as provided in RSA 304-B:42, 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: New Hampshire General Court. Reproduced from public-domain New Hampshire statutes; confirm against the official source for the current text. Not legal advice.