GroundRules
Utah Code § 16-18-401: Becoming partner.
Where this section sits in the code
- Title 16 Business Entities
- Chapter 16-18 Utah Uniform Partnership Act
- Part 16-18-4 Relations Of Partners To Each Other And To Partnership
(1) Upon formation of a partnership, a person becomes a partner under Subsection 16-18-202(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 Chapter 1a, Part 7, Merger, Chapter 1a, Part 8, Interest Exchange, Chapter 1a, Part 9, Conversion, or Chapter 1a, Part 10, 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.
Collected 2026-10-08T05:55:33Z. Source file · JSON