(a) Upon formation of a limited partnership, a person becomes a general partner as agreed among the persons that are to be the initial partners.(b) After formation of a limited partnership, a person becomes a general partner: (1) As provided in the partnership agreement;(2) As the result of a transaction effective under Article 11;(3) With the affirmative vote or consent of all the partners; or(4) Under Section 79-14-801(a)(3)(B) following the dissociation of a limited partnership's last general partner.(c) A person may become a general partner without:(1) Acquiring a transferable interest; or(2) Making or being obligated to make a contribution to the partnership.Added by Laws, 2015, ch. 453, SB 2310, 1, eff. 7/1/2015.
Mississippi Legal Code