KRS 362.433: Admission of limited partners.

(1) A person shall become a limited partner on the later of:

(a) The date the original certificate of limited partnership is filed; or

(b) At any later date specified in the records of the limited partnership as the date

that person shall become a limited partner.

(2) 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 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 KRS 362.483, 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.