(a) Upon formation of a partnership, a person becomes a partner under § 7-12.1-202(a). (b) After formation of a partnership, a person becomes a partner: (1) As provided in the partnership agreement; (2) As a result of a transaction effective under Article 11 of this chapter; or (3) With the affirmative vote or consent of all the partners. (c) A person may become a partner without: (1) Acquiring a transferable interest; or (2) Making or being obligated to make a contribution to the partnership. History of Section.P.L. 2022, ch. 123, § 2, effective January 1, 2023; P.L. 2022, ch. 124, § 2, effective January 1, 2023.
Rhode Island Legal Code