§ 48-1d-406 — Actions by partnership and partners.

Utah § 48-1d-406

• Jurisdiction: 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

Text

(1) A partnership may maintain an action against a partner for a breach of the partnership agreement, or for the violation of a duty to the partnership, causing harm to the partnership.
(2) A partner may maintain an action against the partnership or another partner for legal or equitable relief, with or without an accounting as to the partnership's activities and affairs, to:

(2)(a) enforce the partner's rights under the partnership agreement;
(2)(b) enforce the partner's rights under this chapter; or
(2)(c) enforce the rights and otherwise protect the interests of the partner, including rights and interests arising independently of the partnership relationship.
(3) The accrual of, and any time limitation on, a right of action for a remedy under this section is governed by other law. A right to an accounting upon a dissolution and winding up does not revive a claim barred by law.

Legislative History

Enacted by Chapter 412, 2013 General Session