§ 7-13.1-401. Becoming general partner. [Effective January 1, 2023.]
(a) Upon formation of a limited partnership, a person becomes a general partner as agreed among the persons that are to be the initial partners.
(b) After formation of a limited partnership, a person becomes a general 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)(3)(ii).
(c) A person may become a general 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. 121, § 2, effective January 1, 2023; P.L. 2022, ch. 122, § 2, effective January 1, 2023.
Structure Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-13.1 - Uniform Limited Partnership Act [Effective January 1, 2023.]
Part 4 - General Partners [Effective January 1, 2023.]
Section 7-13.1-401. - Becoming general partner. [Effective January 1, 2023.]
Section 7-13.1-402. - General partner agent of limited partnership. [Effective January 1, 2023.]
Section 7-13.1-404. - General partner’s liability. [Effective January 1, 2023.]
Section 7-13.1-405. - Actions by and against partnership and partners. [Effective January 1, 2023.]
Section 7-13.1-406. - Management rights of general partner. [Effective January 1, 2023.]
Section 7-13.1-409. - Standards of conduct for general partners. [Effective January 1, 2023.]