Idaho § 30-24-301 BECOMING LIMITED PARTNER

Idaho Statutes

§ 30-24-301 — BECOMING LIMITED PARTNER

Idaho § 30-24-301

Title 30CORPORATIONS

Part 3LIMITED PARTNERS

Ch. 24LIMITED PARTNERSHIPS

This text of Idaho § 30-24-301 (BECOMING LIMITED PARTNER) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 30-24-301 (2026).

Text

(a)Upon formation of a limited partnership, a person becomes a limited partner as agreed among the persons that are to be the initial partners.

(b)After formation, a person becomes a limited partner:

(1)As provided in the partnership agreement;

(2)As the result of a transaction effective under chapter 22, title 30, Idaho Code;

(3)With the affirmative vote or consent of all the partners; or

(4)As provided in section 30-24-801 (a)(4) or (5), Idaho Code.

(c)A person may become a limited partner without:

(1)Acquiring a transferable interest; or

(2)Making or being obligated to make a contribution to the limited partnership.

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(a) Upon formation of a limited partnership, a person becomes a limited partner as agreed among the persons that are to be the initial partners.
(b) After formation, a person becomes a limited partner:
(1) As provided in the partnership agreement;
(2) As the result of a transaction effective under chapter 22, title 30, Idaho Code;
(3) With the affirmative vote or consent of all the partners; or
(4) As provided in section 30-24-801 (a)(4) or (5), Idaho Code.
(c) A person may become a limited partner without:
(1) Acquiring a transferable interest; or
(2) Making or being obligated to make a contribution to the limited partnership.