Oregon § 70.125 Date person becomes limited partner; admission of additional limited partner

Oregon Statutes

§ 70.125 — Date person becomes limited partner; admission of additional limited partner

Oregon § 70.125

Vol.2

Title 7Corporations and Partnerships

Ch. 70Limited Partnerships

This text of Oregon § 70.125 (Date person becomes limited partner; admission of additional limited partner) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 70.125 (2026).

Text

(1)A person becomes a limited partner on the later of:

(a)The date the original certificate of limited partnership is filed; or

(b)The date stated in the records of the limited partnership as the date that person becomes a limited partner.

(2)After the filing of a limited partnership’s original certificate of limited partnership, a person may be admitted as an additional limited partner as follows:

(a)In the case of a person acquiring a partnership interest directly from the limited partnership, upon compliance with the partnership agreement or, if the partnership agreement does not so provide, upon the written consent of all partners.

(b)In the case of an assignee of a partnership interest, upon the occurrence of either of the following:

(A)Upon the exercise by the assignor of a po

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(1) A person becomes a limited partner on the later of:
(a) The date the original certificate of limited partnership is filed; or
(b) The date stated in the records of the limited partnership as the date that person becomes a limited partner.
(2) After the filing of a limited partnership’s original certificate of limited partnership, a person may be admitted as an additional limited partner as follows:
(a) In the case of a person acquiring a partnership interest directly from the limited partnership, upon compliance with the partnership agreement or, if the partnership agreement does not so provide, upon the written consent of all partners.
(b) In the case of an assignee of a partnership interest, upon the occurrence of either of the following:
(A) Upon the exercise by the assignor of a power provided in ORS 70.300, to grant to the assignee the right to become a limited partner, and upon compliance with any conditions limiting the grant or exercise of the power; or
(B) Upon the consent of all partners other than the assignor.