Section 7-64-205 - Admission without contribution or transferrable interest

A person may be admitted as a partner to a partnership either upon formation of the partnership or thereafter without making a contribution or being obligated to make a contribution to the partnership, and a person may be admitted as a partner to a partnership either upon formation of the partnership or thereafter without acquiring a transferrable interest, if in either case such admission is pursuant to a written partnership agreement or other writing confirming the admission.L. 2009: Entire section added, (HB 09-1248), ch. 252, p. 1130, §8, effective May 14.