Section 30-23-106 - PARTNERSHIP AGREEMENT — EFFECT ON PARTNERSHIP AND PERSON BECOMING PARTNER — PREFORMATION AGREEMENT.

ID Code § 30-23-106 (2019) (N/A)
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30-23-106. PARTNERSHIP AGREEMENT — EFFECT ON PARTNERSHIP AND PERSON BECOMING PARTNER — PREFORMATION AGREEMENT. (a) A partnership is bound by and may enforce the partnership agreement, whether or not the partnership has itself manifested assent to the agreement.

(b) A person that becomes a partner is deemed to assent to the partnership agreement.

(c) Two (2) or more persons intending to become the initial partners of a partnership may make an agreement providing that upon the formation of the partnership the agreement will become the partnership agreement.

History:

[30-23-106, added 2015, ch. 243, sec. 23, p. 810.]