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Utah Code § 48-2e-401

Becoming general partner

Renumbered and Amended by Chapter 93, 2026 General Session; Enacted by Chapter 412, 2013 General Session; End date 10/1/2026

(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.

Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.