BECOMING GENERAL PARTNER

30-24-401. BECOMING GENERAL PARTNER. (a) Upon formation of a limited partnership, a person becomes a general partner as agreed among the persons that are to be the initial partners. (b) After formation of a limited partnership, a person becomes a general partner: (1) As provided in the partnership agreement; (2) As the result of a transaction effective under chapter 22, title 30, Idaho Code; (3) With the affirmative vote or consent of all the partners: or (4) Under section 30-24-801(a)(3)(B), Idaho Code, following the dissociation of a limited partnership’s last general partner. (c) A person may become a general partner without: [(1)](a) Acquiring a transferable interest; or [(2)](b) Making or being obligated to make a contribution to the partnership.