Utah Statutes

§ 48-2e-104 — Nature, purpose, and duration of limited partnership.

Utah·Title 48 Unincorporated Business Entity Act·Ch. 48-2e Utah Uniform Limited Partnership Act·Part 48-2e-1 General Provisions
(1)A limited partnership is an entity distinct from its partners. A limited partnership is the same entity regardless of whether its certificate states that the limited partnership is a limited liability limited partnership.
(2)A limited partnership may have any lawful purpose, regardless of whether for profit.
(3)A limited partnership has perpetual duration.

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Legislative History

Enacted by Chapter 412, 2013 General Session

Nearby Sections

15
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