A person becomes a limited partner:
(1) as provided in the partnership agreement;
(2) as the result of a conversion or merger under subchapter 11; or
(3) with the consent of all the partners.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Chapter 47 - Uniform Limited Partnership Act (2001)
Subchapter 3 - Limited Partners
§ 4-47-301. Becoming limited partner
§ 4-47-302. No right or power as limited partner to bind limited partnership
§ 4-47-303. No liability as limited partner for limited partnership obligations
§ 4-47-304. Right of limited partner and former limited partner to information
§ 4-47-305. Limited duties of limited partners
§ 4-47-306. Person erroneously believing self to be limited partner