(a) Admission on formation.-- On formation of a limited partnership, a person becomes a general partner as agreed among the persons that are to be the initial partners. (b) Admission after formation.-- After formation of a limited partnership, a person becomes a general partner: (1) as provided in the partnership agreement; (2) as the result of a transaction effective under Chapter 3 (relating to entity transactions); (3) with the affirmative vote or consent of all the partners; or (4) under section 8681(a)(3)(ii) or (5) (relating to events causing dissolution) following the dissociation of a limited partnership's last general partner. (c) Noneconomic general partners.-- A person may become a general 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 general partner in a limited partnership is personal property.
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