Becoming general partner.

  1. Law
  2. Utah Code
  3. Unincorporated Business Entity Act
  4. Utah Uniform Limited Partnership Act
  5. General Partners
  6. Becoming general partner.

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




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