D.C. Code § 29-601.09: Partnership agreement; effect on third parties and relationship to records effective on behalf of partnership.
Where this section sits in the code
- Title 29. Business Organizations. [Enacted title]
- Chapter 6. General Partnerships.
- Subchapter I. General Provisions.
(a)
A partnership agreement may specify that its amendment requires the approval of a person that is not a party to the agreement or the satisfaction of a condition. An amendment is ineffective if its adoption does not include the required approval or satisfy the specified condition.
(b)
The obligations of a partnership and its partners to a person in the person’s capacity as a transferee or person dissociated as a partner are governed by the partnership agreement. Subject only to a court order issued under § 29-605.04 to effectuate a charging order, an amendment to the partnership agreement made after a person becomes a transferee or is dissociated as a partner:
(1)
Is effective with regard to any debt, obligation, or other liability of the partnership or its partners to the person in the person’s capacity as a transferee or person dissociated as a partner; and
(2)
Is not effective to the extent the amendment:
(A)
Imposes a new debt, obligation, or other liability on the transferee or person dissociated as a partner; or
(B)
Prejudices the rights under § 29-607.01 of a person that dissociated as a partner before the amendment was made.
(c)
If a record delivered by a partnership to the Mayor for filing becomes effective under this chapter and contains a provision that would be ineffective under § 29-601.04(b) or (d)(2) if contained in the partnership agreement, the provision is ineffective in the record.
(d)
Subject to subsection (c) of this section, if a record delivered by a partnership to the Mayor for filing becomes effective under this chapter and conflicts with a provision of the partnership agreement:
(1)
The agreement prevails as to partners, persons dissociated as partners, and transferees; and
(2)
The record prevails as to other persons to the extent they reasonably rely on the record.
Collected 2026-08-29T05:44:07Z. Source file · JSON