Section 8631 - Becoming a limited partner(a) Upon formation.--Upon formation of a limited partnership, a person becomes a limited partner as agreed among the persons that are to be the initial partners.(b)After formation.--After formation, a person becomes a limited 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) as provided in section 8681(a)(4) or (5) (relating to events causing dissolution).(c) Noneconomic limited partners.--A person may become a limited partner without: (1) acquiring a transferable interest; or(2) making or being obligated to make a contribution to the limited partnership.(d) Nature of interest.--The interest of a limited partner in a limited partnership is personal property.Added by P.L. TBD 2016 No. 170, § 27, eff. 2/19/2017.