2019 Pennsylvania Consolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 84 - General Partnerships
Section 8442 - Becoming a partner
(a) Upon formation.--Upon formation of a partnership, a person becomes a partner under section 8422(a) (relating to formation of partnership).
(b) After formation.--After formation of a partnership, a person becomes a partner:
(1) as provided in the partnership agreement;
(2) as a result of a transaction effective under Chapter 3 (relating to entity transactions); or
(3) with the affirmative vote or consent of all the partners.
(c) Noneconomic partners.--A person may become a partner without:
(1) acquiring a transferable interest; or
(2) making or being obligated to make a contribution to the partnership.
(d) Nature of interest.--The interest of a partner in a partnership is personal property.
Cross References. Section 8442 is referred to in sections 102, 8412 of this title.
