Section 488.401 - Becoming general partner.

IA Code § 488.401 (2019) (N/A)
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488.401 Becoming general partner.

A person becomes a general partner according to any of the following:

1. As provided in the partnership agreement.

2. Under section 488.801, subsection 3, paragraph “b”, following the dissociation of a limited partnership’s last general partner.

3. As the result of a conversion or merger under article 11.

4. With the consent of all the partners.

2004 Acts, ch 1021, §35, 118

Referred to in §488.102