TITLE 30

CORPORATIONS

CHAPTER 23

GENERAL PARTNERSHIPS

PART 4

RELATIONS OF PARTNERS TO EACH OTHER AND TO PARTNERSHIP

30-23-402.  BECOMING PARTNER. (a) Upon formation of a partnership, a person becomes a partner under section 30-23-202(a), Idaho Code.

(b)  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 22, title 30, Idaho Code; or

(3)  With the affirmative vote or consent of all the partners.

(c)  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.

History:

[30-23-402, added 2015, ch. 243, sec. 26, p. 819; am. 2020, ch. 82, sec. 24, p. 197.]