Utah § 48-2e-301 Becoming limited partners.

Utah Statutes

§ 48-2e-301 — Becoming limited partners.

Utah § 48-2e-301

Title 48Unincorporated Business Entity Act

Ch. 48-2eUtah Uniform Limited Partnership Act

Part 48-2e-3Limited Partners

This text of Utah § 48-2e-301 (Becoming limited partners.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 48-2e-301 (2026).

Text

(1)Upon formation of a limited partnership, a person becomes a limited partner as agreed among the persons that are to be the initial partners.

(2)After formation, a person becomes a limited partner:

(2)(a) as provided in the partnership agreement;

(2)(b) as the result of a transaction effective under Part 11, Merger, Interest Exchange, Conversion, and Domestication;

(2)(c) with the affirmative vote or consent of all the partners; or

(2)(d) as provided in Subsection 48-2e-801(1)(d) or (1)(e).

(3)A person may become a partner without:

(3)(a) acquiring a transferable interest; or

(3)(b) making or being obligated to make a contribution to the limited partnership.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) Upon formation of a limited partnership, a person becomes a limited partner as agreed among the persons that are to be the initial partners.
(2) After formation, a person becomes a limited partner:

(2)(a) as provided in the partnership agreement;
(2)(b) as the result of a transaction effective under Part 11, Merger, Interest Exchange, Conversion, and Domestication;
(2)(c) with the affirmative vote or consent of all the partners; or
(2)(d) as provided in Subsection 48-2e-801(1)(d) or (1)(e).
(3) A person may become a partner without:

(3)(a) acquiring a transferable interest; or
(3)(b) making or being obligated to make a contribution to the limited partnership.