2022 Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-13.1 - Uniform Limited Partnership Act [Effective January 1, 2023.]
Part 3 - Limited Partners [Effective January 1, 2023.]
Section 7-13.1-301. - Becoming limited partner. [Effective January 1, 2023.]

§ 7-13.1-301. Becoming limited partner. [Effective January 1, 2023.]

(a) Upon formation of a limited partnership, a person becomes a limited partner as agreed among the persons that are to be the initial partners.

(b) After formation, a person becomes a limited 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)(4) or (a)(5).

(c) A person may become a limited partner without:

(1) Acquiring a transferable interest; or

(2) Making or being obligated to make a contribution to the limited partnership.

History of Section.
P.L. 2022, ch. 121, § 2, effective January 1, 2023; P.L. 2022, ch. 122, § 2, effective January 1, 2023.