GroundRules
Utah Code § 48-2e-116: Dual capacity.
Where this section sits in the code
- Title 48 Unincorporated Business Entity Act
- Chapter 48-2e Utah Uniform Limited Partnership Act
- Part 48-2e-1 General Provisions
A person may be both a general partner and a limited partner. A person that is both a general and limited partner has the rights, powers, duties, and obligations provided by this chapter and the partnership agreement in each of those capacities. When the person acts as a general partner, the person is subject to the obligations, duties, and restrictions under this chapter and the partnership agreement for general partners. When the person acts as a limited partner, the person is subject to the obligations, duties, and restrictions under this chapter and the partnership agreement for limited partners.
Collected 2026-09-03T11:34:33Z. Source file · JSON