(a) If a partnership agreement provides for the manner in which it may be amended, including by requiring the approval of a person who is not a party to the partnership agreement or the satisfaction of conditions, it may be amended only in that manner or as otherwise permitted by law, except that the approval of any person may be waived by that person and any conditions may be waived by all persons for whose benefit those conditions were intended.
(b) A partnership agreement may provide rights to any person, including a person who is not a party to the partnership agreement, to the extent set forth in the partnership agreement.
(c) The obligations of a partnership and its partners to a person in the person's capacity as a transferee or dissociated partner are governed by the partnership agreement. A transferee and a dissociated partner are bound by the partnership agreement.
(d) If a writing that has been delivered by a partnership for filing in accordance with Chapter 1 and has become effective conflicts with a provision of the partnership agreement:
(1) the partnership agreement prevails as to partners, dissociated partners, and transferees; and
(2) the writing prevails as to other persons to the extent they reasonably rely on the writing.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 8A - Alabama Partnership Law
Article 1 - General Provisions.
Section 10A-8A-1.01 - Short Title.
Section 10A-8A-1.02 - Definitions.
Section 10A-8A-1.03 - Knowledge and Notice.
Section 10A-8A-1.04 - Nature and Purpose.
Section 10A-8A-1.05 - Powers; Indemnification.
Section 10A-8A-1.06 - Governing Law.
Section 10A-8A-1.07 - Supplemental Principles of Law; Rate of Interest.
Section 10A-8A-1.08 - Effect of Partnership Agreement; Nonwaivable Provisions.
Section 10A-8A-1.09 - Partnership Agreement; Effect on Partnership and Persons Admitted as Partners.
Section 10A-8A-1.11 - Required Information.
Section 10A-8A-1.12 - Transactions of Partner With Partnership.