§ 7-13-1-301

(a) Upon formation of a limited partnership, a person becomes a limited partner as agreed among the persons that are to be the initial partners. (b) After formation, a person becomes a limited partner: (1) As provided in the partnership agreement; (2) As the result of a transaction effective under part 11 of this chapter; (3) With the affirmative vote or consent of all the partners; or (4) As provided in § 7-13.1-801(a)(4) or (a)(5). (c) A person may become a limited partner without: (1) Acquiring a transferable interest; or (2) Making or being obligated to make a contribution to the limited partnership. History of Section.P.L. 2022, ch. 121, § 2, effective January 1, 2023; P.L. 2022, ch. 122, § 2, effective January 1, 2023.