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Home » US Law » 2022 Code of Alabama » Title 10A - Alabama Business and Nonprofit Entities Code. » Chapter 9A - Alabama Limited Partnership Law. » Article 1 - General Provisions. » Section 10A-9A-1.09 – Partnership Agreement; Effect on Limited Partnership and Persons Admitted as Partners.

Section 10A-9A-1.09

Partnership agreement; effect on limited partnership and persons admitted as partners.

(a) A limited partnership is bound by and may enforce the partnership agreement, whether or not the limited partnership has itself manifested assent to the partnership agreement.

(b) A person that is admitted as a partner of a limited partnership becomes a party to and assents to the partnership agreement except as provided in Section 10A-9A-7.02(g).

(c) Two or more persons intending to be the initial general partner and the initial limited partner of a limited partnership may make an agreement providing that upon the formation of the limited partnership, the agreement will become the partnership agreement.

(Act 2016-379, p. 934, §1.)