§ 48-2e-401. Becoming general partner.

10/1/2026 (1) A person becomes a general partner: (a) upon formation of a limited partnership, as agreed among the persons that are to be the initial partners; and (b) after formation: (i) as provided in the partnership agreement; (ii) under Subsection 48-2e-801(1)(c)(ii) following the dissociation of a limited partnership's last general partner; (iii) as the result of a transaction effective under Part 11, Merger, Interest Exchange, Conversion, and Domestication; or (iv) with the affirmative vote or consent of all the partners. (2) A person may become a general partner without: (a) acquiring a transferable interest; or (b) making or being obligated to make a contribution to the limited partnership.