GroundRules
Utah Code § 48-1d-401: Becoming partner.
Where this section sits in the code
- Title 48 Unincorporated Business Entity Act
- Chapter 48-1d Utah Uniform Partnership Act
- Part 48-1d-4 Relations of Partners to Each Other and to Partnership
(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.
Collected 2026-09-03T11:34:33Z. Source file · JSON