Partnership Agreement; Effect on Partnership and Persons Admitted as Partners.

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Section 10A-8A-1.09

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

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

(b) A person that is admitted as a partner of a partnership becomes a party to and assents to the partnership agreement except as provided in Section 10A-8A-5.02(g).

(c) Two or more persons intending to be 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.

(Act 2018-125, §7.)


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