§ 7-12.1-402. Becoming partner. [Effective January 1, 2023.]
(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.
Structure Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-12.1 - Uniform Partnership Act [Effective January 1, 2023.]
Article 4 - Relations of Partners to Each Other and to Partnership [Effective January 1, 2023.]
Section 7-12.1-401. - Partner’s rights and duties. [Effective January 1, 2023.]
Section 7-12.1-402. - Becoming partner. [Effective January 1, 2023.]
Section 7-12.1-403. - Form of contribution. [Effective January 1, 2023.]
Section 7-12.1-404. - Liability for contribution. [Effective January 1, 2023.]
Section 7-12.1-409. - Standards of conduct for partners. [Effective January 1, 2023.]
Section 7-12.1-410. - Actions by partnership and partners. [Effective January 1, 2023.]