1. (a) A person becomes a general partner:

   1. (1) Upon formation of a limited partnership, as agreed among the persons that are to be the initial partners; and

   2. (2) After formation:

      1. (A) As provided in the partnership agreement;
      2. (B) Under § 29-708.01(3)(B) following the dissociation of a limited partnership’s last general partner;
      3. (C) As the result of a merger under subchapter X of this chapter or a transaction under Chapter 2 of this title; or
      4. (D) With the consent of all the partners.
   3. (3) As the result of a merger under subchapter X of this chapter or a transaction under Chapter 2 of this title; or
   4. (4) With the consent of all the partners.

2. (b) A person may become a general partner without:

   1. (1) Acquiring a transferable interest; or
   2. (2) Making or being obligated to make a contribution to the partnership.

Editor's Notes

Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.

Uniform Law: This section is based on § 401 of the Uniform Limited Partnership Act (2001 Act).

History

July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720

Mar. 5, 2013, D.C. Law 19-210, § 2(g)(4)(A), 59 DCR 13171

Effect of Amendments

The 2013 amendment by D.C. Law 19-210 added the (a) designation; rewrote (a)(1) and (a)(2); and added (b).

Section References

This section is referenced in § 29-701.02.