- (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 section 8412 of this title.