While a limited partnership interest is transferable,the transferee will become a limited partner if:

Question

Quizplus · Accepted Answer

In a limited partnership, the transfer of limited partnership interest is generally allowed, but the transferee does not automatically become a limited partner. The other members must consent to the transfer, and if they do, the transferee will become a limited partner. Therefore, choice A is the best answer as it correctly identifies the requirement for consent from other members. Choices B, C, and D are incorrect as they do not accurately reflect the requirements for becoming a limited partner.

While a Limited Partnership Interest Is Transferable,the Transferee Will Become