4-47-401. Becoming general partner.

Arkansas Code — all titles (historical 2020) · legal_authorities

4-47-401. Becoming general partner. A person becomes a general partner: (1) as provided in the partnership agreement; (2) under § 4-47-801(3)(B) following the dissociation of a limited partnership's last general partner; (3) as the result of a conversion or merger under subchapter 11; or (4) with the consent of all the partners.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-47-401

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.

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Arkansas Code — all titles (historical 2020) · legal_authorities

4-47-801. Nonjudicial dissolution.

4-47-801. Nonjudicial dissolution. Except as otherwise provided in § 4-47-802, a limited partnership is dissolved, and its activities must be wound up, only upon the occurrence of any of the following: (1) the happening of an event specified in the partnership agreement; (2) the consent of all general partners and of limited partners owning a majority of the rights to receive distributions as limited partners at the time the consent is to be effective; (3) after the dissociation of a person as a general partner: (A) if the limited partnership has at least one remaining general partner, the consent to dissolve the limited partnership given within 90 days after the dissociation by partners owning a majority of the rights to receive distributions as partners at the time the consent is to be effective; or (B) if the limited partnership does not have a remaining general partner, the passage of 90 days after the dissociation, unless before the end of the period: (i) consent to continue the activities of the limited partnership and admit at least one general partner is given by limited partners owning a majority of the rights to receive distributions as limited partners at the time the consent is to be effective; and (ii) at least one person is admitted as a general partner in accordance with the consent; (4) the passage of 90 days after the dissociation of the limited partnership's last limited partner, unless before the end of the period the limited partnership admits at least one limited partner; or (5) the signing and filing of a declaration of dissolution by the Secretary of State under § 4-47-809(c).

Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-47-801

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 4-47-801. This identifies an authority to review, not proof of applicability.