(a) A person becomes a limited partner:
(1) Upon formation as provided in the partnership agreement; or
(2) After formation, a person becomes a limited partner:
(A) As provided in the partnership agreement;
(C) With the consent of all the partners; or
(D) As provided in § 29-708.01(4).
(b) A person may become a limited partner without:
(1) Acquiring a transferable interest; or
(2) Making or being obligated to make a contribution to the limited partnership.
This section is referenced in § 29-701.02.
Effect of Amendments
The 2013 amendment by D.C. Law 19-210 rewrote the section.
Uniform Law: This section is based on § 301 of the Uniform Limited Partnership Act (2001 Act).
Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012.