Utah Statutes
§ 48-2e-301 — Becoming limited partners.
Utah·Title 48 Unincorporated Business Entity Act·Ch. 48-2e Utah Uniform Limited Partnership Act·Part 48-2e-3 Limited Partners
(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.
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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.