(a) A limited partnership is bound by and may enforce the partnership agreement, whether or not the limited partnership has itself manifested assent to the partnership agreement.
(b) A person that is admitted as a partner of a limited partnership becomes a party to and assents to the partnership agreement except as provided in Section 10A-9A-7.02(g).
(c) Two or more persons intending to be the initial general partner and the initial limited partner of a limited partnership may make an agreement providing that upon the formation of the limited partnership, the agreement will become the partnership agreement.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 9A - Alabama Limited Partnership Law.
Article 1 - General Provisions.
Section 10A-9A-1.01 - Short Title.
Section 10A-9A-1.02 - Definitions.
Section 10A-9A-1.03 - Knowledge and Notice.
Section 10A-9A-1.04 - Nature and Purpose.
Section 10A-9A-1.05 - Powers; Indemnification.
Section 10A-9A-1.06 - Governing Law.
Section 10A-9A-1.07 - Supplemental Principles of Law; Rate of Interest.
Section 10A-9A-1.08 - Effect of Partnership Agreement; Nonwaivable Provisions.
Section 10A-9A-1.11 - Required Information.
Section 10A-9A-1.12 - Transactions of Partner With Partnership.