Section 29-703.01 - Becoming limited partner(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;(B) As the result of a merger under subchapter X of this chapter or a transaction under Chapter 2 of this title;(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.July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720; Mar. 5, 2013, D.C. Law 19-210, § 2(g)(4)(A), 59 DCR 13171.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.