Section 7-13.1-301 - Becoming limited partner(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 part 11 of this chapter;(3) With the affirmative vote or consent of all the partners; or(4) As provided in § 7-13. 1-801(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.R.I. Gen. Laws § 7-13.1-301
P.L. 2022, ch. 121, § 2, effective January 1, 2023; P.L. 2022, ch. 122, § 2, effective January 1, 2023.