Idaho § 30-24-401 BECOMING GENERAL PARTNER

Idaho Statutes

§ 30-24-401 — BECOMING GENERAL PARTNER

Idaho § 30-24-401

Title 30CORPORATIONS

Part 4GENERAL PARTNERS

Ch. 24LIMITED PARTNERSHIPS

This text of Idaho § 30-24-401 (BECOMING GENERAL 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 § 30-24-401 (2026).

Text

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

(b)After formation of a limited partnership, a person becomes a general 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)Under section 30-24-801 (a)(3)(B), Idaho Code, following the dissociation of a limited partnership’s last general partner.

(c)A person may become a general partner without: [(1)]

(a)Acquiring a transferable interest; or [(2)]

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

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(a) Upon formation of a limited partnership, a person becomes a general partner as agreed among the persons that are to be the initial partners.
(b) After formation of a limited partnership, a person becomes a general 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) Under section 30-24-801 (a)(3)(B), Idaho Code, following the dissociation of a limited partnership’s last general partner.
(c) A person may become a general partner without:
[(1)](a) Acquiring a transferable interest; or
[(2)](b) Making or being obligated to make a contribution to the partnership.