Rhode Island General Laws
Part 3 - Limited Partners [Effective January 1, 2023.]
Section 7-13.1-301. - Becoming limited partner. [Effective January 1, 2023.]

§ 7-13.1-301. Becoming limited partner. [Effective January 1, 2023.]
(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.

Structure Rhode Island General Laws