{"data":{"id":"us-ks/k.s.a.-56-1a404","jurisdiction":"us-ks","citation":"K.S.A. 56-1a404","heading":"Right of assignee to become limited partner.","body":"(a) An assignee of a partnership interest, including an assignee of a general partner, may become a limited partner if and to the extent that:\n(1) The assignor gives the assignee that right in accordance with authority described in the partnership agreement; or\n(2) all other partners consent.\n(b) An assignee who has become a limited partner has, to the extent assigned, the rights and powers and is subject to the restrictions and liabilities of a limited partner under the partnership agreement and this act. An assignee who becomes a limited partner also is liable for the obligations of the assignor to make and return contributions as provided in K.S.A. 56-1a301 through 56-1a304, and amendments thereto, and 56-1a351 through 56-1a358, and amendments thereto. However, the assignee is not obligated for liabilities unknown to the assignee at the time the assignee became a limited partner.\n(c) If an assignee of a partnership interest becomes a limited partner, the assignor is not released from the assignor's liability to the limited partnership under K.S.A. 56-1a157 and 56-1a302, and amendments thereto.","path":["Chapter 56.—PARTNERSHIPS","Article 1a.—REVISED UNIFORM LIMITED PARTNERSHIP ACT"],"source_url":"https://www.ksrevisor.gov/statutes/chapters/ch56/056_001a_0404.html","current_through":"2025 legislative session","vintage":"","retrieved_at":"2026-10-15T06:19:51Z","sha256":"2278dc7393f5e2a62a24412d4b70b7f3fd828da082b5581594f283aab381ad23","source_id":"us-ks","stale":false,"prev":"us-ks/k.s.a.-56-1a403","next":"us-ks/k.s.a.-56-1a405"},"notice":"GroundRules: Original legal text. Not legal advice."}