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Mississippi Code Title 79. Corporations, Associations and Partnerships § 79-14-201

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) To form a limited partnership, a person must deliver a certificate of limited partnership to the Secretary of State for filing.

(b) A certificate of limited partnership must state:

(1) The name of the limited partnership, which must comply with Section 79-14-114;

(2) The information required by Section 79-35-5;

(3) The street and mailing addresses of the limited partnership's principal office;

(4) The street and mailing addresses of each general partner; and

(5) Whether the limited partnership is a limited liability limited partnership.

(c) A certificate of limited partnership may contain statements as to matters other than those required by subsection (b), but may not vary or otherwise affect the provisions specified in Section 79-14-105(c) and (d) in a manner inconsistent with that section.

(d) A limited partnership is formed when:

(1) The certificate of limited partnership becomes effective:

(2) At least two (2) persons have become partners;

(3) At least one (1) person has become a general partner; and

(4) At least one (1) person has become a limited partner.

(e) Subject to subsection (b) of this section, if any provision of a partnership agreement is inconsistent with the filed certificate of limited partnership, or with a filed statement of dissociation, termination, or change, or with filed articles of merger, or with a statement of conversion or domestication filed under the Mississippi Entity Conversion and Domestication Act:

(1) The partnership agreement shall prevail as to partners and transferees; and

(2) The filed document prevails as to persons, other than partners and transferees, that reasonably rely on the filed record to their detriment.

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Cite this article: FindLaw.com - Mississippi Code Title 79. Corporations, Associations and Partnerships § 79-14-201 - last updated January 01, 2025 | https://codes.findlaw.com/ms/title-79-corporations-associations-and-partnerships/ms-code-sect-79-14-201/

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