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2022 Wisconsin Statutes & Annotations
Chapter 179 - Uniform limited partnership law.
179.0401 - Becoming general partner.
Universal Citation: WI Stat § 179.0401 (2022)
179.0401 Becoming general partner.
(1) Upon formation of a limited partnership, a person becomes a general partner as agreed among the persons that are to be the initial partners.
(2) After formation of a limited partnership, a person becomes a general partner in any of the following ways:
(a) As provided in the partnership agreement.
(b) As a result of a transaction effective under subch. XI.
(c) With the affirmative vote or consent of all the partners.
(d) As provided in s. 179.0801 (1) (c) 2.
(3) A person may become a general partner without doing any of the following:
(a) Acquiring a transferable interest.
(b) Making or being obligated to make a contribution to the partnership.
History: 2021 a. 258.
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