Section 178.0402. Becoming partner.

Latest version.

(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 the 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.

2015 a. 295 .

                    
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