[Anonymous]

Hi,

I was going thru partnership and have a BIG confusion regarding a small matter…..while admitting a limited partner in a limited partnership….ALL partners must agree…

While admitting a general partner in a limited partnership,

a) ALL partners must agree

b) ALL GENERAL partners must agree.

which one is it….the book and notes (Wiley / Yeager) contrast in what they say….and even the Cram video i’m doing rt, now contrast in this matter at two different places.

Thanks in advance!

Dharana

[Anonymous]

In an LP:

Admit GP-All GP must agree

Admit LP-All GP and All LP must agree

[Anonymous]

Hi Everyone,

I just confirmed the answer to my own question……whether it is a new limited partner or a new general partner being admitted to a Limited partnership, ALL partners must agree!

Justa75,

Thanks for responding! Make sure you take a note of that if you are appearing for BEC.

Best wishes to you all,

Dharana

[Author]

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