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§ 8416. Application of partnership agreement

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 15 Pa.C.S.A. Corporations and Unincorporated AssociationsEffective: February 21, 2017

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 15 Pa.C.S.A. Corporations and Unincorporated Associations (Refs & Annos)
Part III. Partnerships and Limited Liability Companies (Refs & Annos)
Chapter 84. General Partnerships (Refs & Annos)
Subchapter A. General Provisions
Effective: February 21, 2017
15 Pa.C.S.A. § 8416
§ 8416. Application of partnership agreement
Currentness
(a) Partnership bound.--A partnership is bound by and may enforce the partnership agreement, whether or not the partnership has itself manifested assent to the agreement.
(b) Deemed assent.--A person that becomes a partner is deemed to assent to the partnership agreement.
(c) Preformation agreement.--Two or more persons intending to become the initial partners of a partnership may make an agreement providing that upon the formation of the partnership the agreement will become the partnership agreement.
(d) Cross reference.--See section 8422(a) (relating to formation of partnership).

Credits

2016, Nov. 21, P.L. 1328, No. 170, § 25, effective in 90 days [Feb. 21, 2017].
15 Pa.C.S.A. § 8416, PA ST 15 Pa.C.S.A. § 8416
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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