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Kansas · Through 2025 legislative session

K.S.A. 56-1a201: Admission of additional limited partners.

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Where this section sits in the code
  1. Chapter 56.—PARTNERSHIPS
  2. Article 1a.—REVISED UNIFORM LIMITED PARTNERSHIP ACT

(a) A person becomes a limited partner:

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

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

(b) After the filing of a limited partnership's initial certificate of limited partnership, a person may be admitted as an additional limited partner:

(1) In the case of a person acquiring a partnership interest directly from the limited partnership, upon compliance with the partnership agreement or, if the partnership agreement does not so provide, upon the written consent of all partners; and

(2) in the case of an assignee of a partnership interest of a partner who has the power, as provided in K.S.A. 56-1a404 and amendments thereto, 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.

Collected 2026-10-15T06:19:51Z. Source file · JSON

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