Becoming partner.

  1. Law
  2. Utah Code
  3. Unincorporated Business Entity Act
  4. Utah Uniform Partnership Act
  5. Relations of Partners to Each Other and to Partnership
  6. Becoming partner.

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  • (1) Upon formation of a partnership, a person becomes a partner under Subsection 48-1d-202(1).
  • (2) After formation of a partnership, a person becomes a partner:
    • (a) as provided in the partnership agreement;
    • (b) as a result of a transaction effective under Part 10, Merger, Interest Exchange, Conversion, and Domestication; or
    • (c) with the consent of all the partners.
  • (3) A person may become a partner without either:
    • (a) acquiring a transferable interest; or
    • (b) making or being obligated to make a contribution to the partnership.




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