Pennsylvania § 8616 Application of partnership agreement

Pennsylvania Statutes

§ 8616 — Application of partnership agreement

Pennsylvania § 8616

JurisdictionPennsylvania

Title 15CORPORATIONS AND UNINCORPORATED ASSOCIATIONS

PartPART III

Ch. 86LIMITED PARTNERSHIPS

Subch.GENERAL PROVISIONS

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Bluebook

15 Pa. Cons. Stat. § 8616 (2026).

Text

(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).

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(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).