Utah § 48-2e-401 Becoming general partner.

Utah Statutes

§ 48-2e-401 — Becoming general partner.

Utah § 48-2e-401

Title 48Unincorporated Business Entity Act

Ch. 48-2eUtah Uniform Limited Partnership Act

Part 48-2e-4General Partners

This text of Utah § 48-2e-401 (Becoming general partner.) 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-401 (2026).

Text

(1)A person becomes a general partner:

(1)(a) upon formation of a limited partnership, as agreed among the persons that are to be the initial partners; and

(1)(b) after formation:

(1)(b)(i) as provided in the partnership agreement;

(1)(b)(ii) under Subsection 48-2e-801(1)(c)(ii) following the dissociation of a limited partnership's last general partner;

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

(1)(b)(iv) with the affirmative vote or consent of all the partners.

(2)A person may become a general partner without:

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

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

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(1) A person becomes a general partner:

(1)(a) upon formation of a limited partnership, as agreed among the persons that are to be the initial partners; and
(1)(b) after formation:
(1)(b)(i) as provided in the partnership agreement;
(1)(b)(ii) under Subsection 48-2e-801(1)(c)(ii) following the dissociation of a limited partnership's last general partner;
(1)(b)(iii) as the result of a transaction effective under Part 11, Merger, Interest Exchange, Conversion, and Domestication; or
(1)(b)(iv) with the affirmative vote or consent of all the partners.
(2) A person may become a general partner without:

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