A partnership agreement may specify that its amendment requires the approval of a person that is not a party to the agreement or the satisfaction of a condition. An amendment is ineffective if its adoption does not include the required approval or satisfy the specified condition.
The obligations of a limited partnership and its partners to a person in the person's capacity as a transferee or person dissociated as a partner are governed by the partnership agreement. Subject only to a court order issued under Section 79-14-703(b)(2) to effectuate a charging order, an amendment to the partnership agreement made after a person becomes a transferee or is dissociated as a partner:
If a record delivered by a limited partnership to the Secretary of State for filing becomes effective and contains a provision that would be ineffective under Section 79-14-105(c) or (d)(2) if contained in the partnership agreement, the provision is ineffective in the record.
Subject to subsection (c), if a record delivered by a limited partnership to the Secretary of State for filing becomes effective and conflicts with a provision of the partnership agreement:
The agreement prevails as to partners, persons dissociated as partners, and transferees; and
The record prevails as to other persons to the extent they reasonably rely on the record.
Structure Mississippi Code
Title 79 - Corporations, Associations, and Partnerships
Chapter 14 - Mississippi Uniform Limited Partnership Act
Article 1 - General Provisions
§ 79-14-103. Knowledge; notice
§ 79-14-105. Partnership agreement; scope, function, and limitations
§ 79-14-108. Required information
§ 79-14-110. Nature, purpose, and duration of limited partnership
§ 79-14-112. Application to existing relationships
§ 79-14-113. Supplemental principles of law
§ 79-14-115. Reservation of name