D.C. Code § 29-704.01: Becoming general partner.
Where this section sits in the code
- Title 29. Business Organizations. [Enacted title]
- Chapter 7. Limited Partnerships.
- Subchapter IV. General Partners.
(a)
A person becomes a general partner:
(1)
Upon formation of a limited partnership, as agreed among the persons that are to be the initial partners; and
(2)
After formation:
(A)
As provided in the partnership agreement;
(B)
Under § 29-708.01(3)(B) following the dissociation of a limited partnership’s last general partner;
(C)
As the result of a merger under subchapter X of this chapter or a transaction under Chapter 2 of this title; or
(D)
With the consent of all the partners.
(3)
As the result of a merger under subchapter X of this chapter or a transaction under Chapter 2 of this title; or
(4)
With the consent of all the partners.
(b)
A person may become a general partner without:
(1)
Acquiring a transferable interest; or
(2)
Making or being obligated to make a contribution to the partnership.
Collected 2026-08-29T05:44:07Z. Source file · JSON