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2018 Mississippi Code
Title 79 - Corporations, Associations, and Partnerships
Chapter 14 - Mississippi Uniform Limited Partnership Act
Article 4 - General Partners.
§ 79-14-401. Becoming general partner.
Universal Citation: MS Code § 79-14-401 (2018)
(a) Upon formation of a limited partnership, a person becomes a general partner as agreed among the persons that are to be the initial partners.
(b) After formation of a limited partnership, a person becomes a general partner:
(1) As provided in the partnership agreement;
(2) As the result of a transaction effective under Article 11;
(3) With the affirmative vote or consent of all the partners; or
(4) Under Section 79-14-801(a)(3)(B) following the dissociation of a limited partnership’s last general partner.
(c) A person may become a general partner without:
(1) Acquiring a transferable interest; or
(2) Making or being obligated to make a contribution to the partnership.
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