Utah Statutes
§ 48-1d-401 — Becoming partner.
Utah·Title 48 Unincorporated Business Entity Act·Ch. 48-1d Utah Uniform Partnership Act·Part 48-1d-4 Relations of Partners to Each Other and to Partnership
(1)Upon formation of a partnership, a person becomes a partner under Subsection 48-1d-202(1).
(2)After formation of a partnership, a person becomes a partner:
(2)(a) as provided in the partnership agreement;
(2)(b) as a result of a transaction effective under Part 10, Merger, Interest Exchange, Conversion, and Domestication; or
(2)(c) with the consent of all the partners.
(3)A person may become a partner without either:
(3)(a) acquiring a transferable interest; or
(3)(b) making or being obligated to make a contribution to the partnership.
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Legislative History
Enacted by Chapter 412, 2013 General Session
Nearby Sections
15
§ 48-1c-101
Title.§ 48-1d-1001
Definitions.§ 48-1d-1002
Relationship of part to other laws.§ 48-1d-1003
Required notice or approval.§ 48-1d-1004
Status of filings.§ 48-1d-1005
Nonexclusivity.§ 48-1d-1006
Reference to external facts.§ 48-1d-1007
Alternative means of approval of transactions.§ 48-1d-1008
Appraisal rights.§ 48-1d-101
Title.§ 48-1d-102
Definitions.§ 48-1d-1021
Merger authorized.§ 48-1d-1022
Plan of merger.§ 48-1d-1023
Approval of merger.§ 48-1d-1024
Amendment or abandonment of plan of merger.