178.0402 Becoming partner.
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/wi/chapter-178/178-0402-5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
178.0402 Becoming partner.
(1)Upon formation of a partnership, a person becomes a partner under s. 178.0202
(1).
(2)After formation of a partnership, a person becomes a partner in any of the following ways:
(a)As provided in a partnership agreement.
(b)As a result of a transaction effective under subch. XI .
(c)With the affirmative vote or consent of all the partners.
(3)A person may become a partner without doing any of the following:
(a)Acquiring a transferable interest.
(b)Making or being obligated to make a contribution to the partnership.