West Virginia § 47-9-17 Admission of limited partners

West Virginia Statutes

§ 47-9-17 — Admission of limited partners

West Virginia § 47-9-17

Ch. 47REGULATION OF TRADE

Art. 9UNIFORM LIMITED PARTNERSHIP ACT

This text of West Virginia § 47-9-17 (Admission of limited partners) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

W. Va. Code § 47-9-17 (2026).

Text

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

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

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

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

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

(2)In the case of an assignee of a partnership interest of a partner who has the power, as provided in section forty- two of this article, to grant

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

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

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

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

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

(2) In the case of an assignee of a partnership interest of a partner who has the power, as provided in section forty- two of this article, to grant the assignee the right to become a limited partner, upon the exercise of that power and compliance with any conditions limiting the grant or exercise of that power.