(1) At the time the limited partnership is formed; or

(2) The date stated in the records of the limited partnership as the date that person becomes a limited partner.

(1) In the case of a person acquiring a partnership interest directly from the limited partnership, upon the compliance with the partnership agreement or, if the partnership agreement does not so provide, upon the written consent of all partners; and

(2) In the case of an assignee of a partnership interest of a partner who has the power, as provided in section 425D-704, 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. [L 1989, c 288, pt of §1]