Pennsylvania Statutes

§ 8616 — Application of partnership agreement

Pennsylvania·Title 15 CORPORATIONS AND UNINCORPORATED ASSOCIATIONS·Part PART III·Ch. 86 LIMITED PARTNERSHIPS·Subch. GENERAL PROVISIONS
(a)Partnership bound.--A limited partnership is bound by and may enforce the partnership agreement, whether or not the partnership has itself manifested assent to the agreement.
(b)Deemed assent.--A person that becomes a partner is deemed to assent to the partnership agreement.
(c)Preformation agreement.--Two or more persons intending to become the initial partners of a limited partnership may make an agreement providing that upon the formation of the partnership the agreement will become the partnership agreement.
(d)Cross reference.--See section 8621 (relating to formation of limited partnership and certificate of limited partnership).

Free access — add to your briefcase to read the full text and ask questions with AI

Pennsylvania § 8616 (Application of partnership agreement) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Nearby Sections

15
View on official source ↗