§ 8442. Becoming a partner.
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/pa/title-15/chapter-84/8442A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 8442. Becoming a partner.
(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.
15c8442v
Cross References. Section 8442 is referred to in section 8412 of this title.
15c8443s