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2017 Pennsylvania Consolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 84 - General Partnerships
Section 8416 - Application of partnership agreement
Universal Citation: 15 PA Cons Stat § 8416 (2017)
§ 8416. Application of partnership agreement.
(a) Partnership bound.--A partnership is bound by and may enforce the partnership agreement, whether or not the partnership has itself manifested assent to the agreement.
(b) Deemed assent.--A person that becomes a partner is deemed to assent to the partnership agreement.
(c) Preformation agreement.--Two or more persons intending to become the initial partners of a partnership may make an agreement providing that upon the formation of the partnership the agreement will become the partnership agreement.
(d) Cross reference.--See section 8422(a) (relating to formation of partnership).
Cross References. Section 8416 is referred to in section 8422 of this title.
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