@Feelew That would indeed be an example; I mean the term purely grammatically, actual participation be damned. ;) But I think I should have said participle in any case... "Consider it as being yellow" is okay, if less likely than "Consider it (to be) yellow."
Here's a nice little paragraph with "I consider it as being incomplete", and in the very next one "You consider it exceedingly desirable", so both are okay.