29-317. Admission of limited partners


A. A person becomes a limited partner:


1. At the time the limited partnership is formed; or


2. At any later time specified in the records of the limited partnership for
becoming 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 29-342, 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 the power.