Maryland § 10-301
Full text of Maryland Maryland Code § 10-301, with citation guidance and answers to common questions.
§ 10-301.
(a) A person acquiring a partnership interest is admitted as a limited partner upon the later to occur of:
(1) The formation of a limited partnership; or
(2) The time provided in a partnership agreement, or if no time is provided in the agreement, then when the person’s admission is reflected in the records of the limited partnership.
(b) After the filing of the initial certificate, a person may be admitted as an additional limited partner:
(1) In the case of a person acquiring a partnership interest directly from the limited partnership:
(i) On compliance with the partnership agreement; or
(ii) With the consent of all partners; and
(2) In the case of an assignee of a partnership interest of a partner who has the power, under § 10–703 of this title, to grant the assignee the right to become a limited partner, upon the exercise of that power and compliance with any conditions limiting the grant or exercise of the power.
Frequently Asked Questions About Maryland § 10-301
What does Maryland Code § 10-301 cover?
Section 10-301 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 10-301?
A common citation format is "Maryland Code § 10-301" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 10-301 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.