16-19-401. Becoming general partner.
(1) A person becomes a general partner:
(a) upon formation of a limited partnership, as agreed among the persons that are to be the initial partners; and
(b) after formation:
(i) as provided in the partnership agreement;
(ii) under Subsection 16-19-801(1)(c)(ii) following the dissociation of a limited partnership's last general partner;
(iii) as the result of a transaction effective under:
(A) Chapter 1a, Part 7, Merger;
(B) Chapter 1a, Part 8, Interest Exchange;
(C) Chapter 1a, Part 9, Conversion; or
(D) Chapter 1a, Part 10, Domestication; or
(iv) with the affirmative vote or consent of all the partners.
(2) A person may become a general partner without:
(a) acquiring a transferable interest; or
(b) making or being obligated to make a contribution to the limited partnership.