§ 48-1d-401. Becoming partner.

10/1/2026 (1) Upon formation of a partnership, a person becomes a partner under Subsection 48-1d-202(1). (2) After formation of a partnership, a person becomes a partner: (a) as provided in the partnership agreement; (b) as a result of a transaction effective under Part 10, Merger, Interest Exchange, Conversion, and Domestication; or (c) with the consent of all the partners. (3) A person may become a partner without either: (a) acquiring a transferable interest; or (b) making or being obligated to make a contribution to the partnership.