(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 Article 11;(3) With the affirmative vote or consent of all the partners; or(4) As provided in Section 79-14-801(a)(4) or (a)(5).
(1) As provided in the partnership agreement;
(2) As the result of a transaction effective under Article 11;
(3) With the affirmative vote or consent of all the partners; or
(4) As provided in Section 79-14-801(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.
(1) Acquiring a transferable interest; or
(2) Making or being obligated to make a contribution to the limited partnership.