Series 7 Exam Question 68: Answer and Explanation

Question: 68

Which of the following documents must be signed by a general partner to accept a new limited partner?

• A. Certificate of limited partnership
• B. Agreement of limited partnership
• C. Subscription agreement
• D. Partnership welcome form

Correct Answer: C

Explanation:

C. In order to officially accept a new limited partner to the partnership, a general partner must sign the subscription agreement.