Upon formation of a limited partnership, a person becomes a limited partner as agreed among the persons that are to be the initial partners.
After formation, a person becomes a limited partner:
A person may become a limited partner without:
Acquiring a transferable interest; or
Making or being obligated to make a contribution to the limited partnership.
Structure Mississippi Code
Title 79 - Corporations, Associations, and Partnerships
Chapter 14 - Mississippi Uniform Limited Partnership Act
§ 79-14-301. Becoming limited partner
§ 79-14-302. No agency power of limited partner as limited partner
§ 79-14-303. No liability as limited partner for limited partnership obligations
§ 79-14-304. Rights to information of limited partner and person dissociated as limited partner
§ 79-14-305. Limited duties of limited partners
§ 79-14-306. Person erroneously believing self to be limited partner