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Code · Illinois · Chapter 805 — BUSINESS ORGANIZATIONS · Act 215

Sec. 301. Becoming limited partner.

39 words·~1 min read·/il/chapter-805/act-215/301

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Sec. 301. Becoming limited partner. A person becomes a limited partner:
(1)as provided in the partnership agreement;
(2)as the result of a conversion or merger under Article 11; or
(3)with the consent of all the partners.
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