1. (1) Upon formation of a partnership, a person becomes a partner under Subsection 16-18-202(1).

2. (2) After formation of a partnership, a person becomes a partner:

   1. (a) as provided in the partnership agreement;
   2. (b) as a result of a transaction effective under Chapter 1a, Part 7, Merger, Chapter 1a, Part 8, Interest Exchange, Chapter 1a, Part 9, Conversion, or Chapter 1a, Part 10, Domestication; or
   3. (c) with the consent of all the partners.

3. (3) A person may become a partner without either:

   1. (a) acquiring a transferable interest; or
   2. (b) making or being obligated to make a contribution to the partnership.

Renumbered and Amended by Chapter 93, 2026 General Session