Which of the following is true about the admission of new partners to a limited partnership under the Revised Uniform Limited Partnership Act?

Question

Quizplus · Accepted Answer

Under the Revised Uniform Limited Partnership Act, the admission of either general or limited partners requires the unanimous written consent of all partners. However, this requirement can be eliminated by agreement for admission of new limited partners. Therefore, option B is correct. Option A is incorrect because it suggests that a majority vote of all partners is sufficient for the admission of new partners, which is not the case. Option C is incorrect because it suggests that the requirement for unanimous consent can be eliminated for both general and limited partners, which is not true. Option D is incorrect because it suggests that the admission of new limited partners requires the unanimous consent of all general partners only, which is also not true. Option E is incorrect because it suggests that the admission of new limited partners requires the consent of a majority of all partners, which is not true under the Revised Uniform Limited Partnership Act.

Which of the Following Is True About the Admission of New