We need not determine whether plaintiff effectively exercised his option since even if he did he would not have automatically become a limited partner. Having made no contribution of capital, plaintiff did not become a partner, and his action for an accounting was therefore properly dismissed (see, Winter v Beale, Lynch Co., 198 A.D.2d 124). We have considered plaintiff's other arguments and find them to be without merit.
Concur — Murphy, P.J., Rosenberger, Ross, Rubin and Williams, JJ.