Idaho Uniform Partnership Act

Idaho · Corporations · §§ 30-23-101 to 30-23-906 · 63 sections

Overview

The act governs the formation, internal operation, and eventual dissolution of general partnerships, treating the partnership as an entity that can own and transfer property, sue and be sued, and act through its partners as agents. It supplies default rules for the relationship among partners — fiduciary duties, access to books and records, distributions, and what a partner owns and may transfer — while setting the terms on which the partnership and its individual partners become liable to outsiders, including creditors who reach a partner's transferable interest by court order. It also establishes filing mechanisms through which authority, its denial, a partner's departure, and dissolution can be made a matter of public record, and it defines when a partner's dissociation triggers a buyout rather than the end of the business, along with the process for winding up and settling accounts when the partnership does terminate.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

Sections covered

Idaho Code § 30-23-101Short title
Idaho Code § 30-23-102Definitions
Idaho Code § 30-23-103Knowledge — Notice
Idaho Code § 30-23-104Governing law
Idaho Code § 30-23-105Partnership agreement — Scope, function and limitations
Idaho Code § 30-23-106Partnership agreement — Effect on partnership and person becoming partner — Preformation agreement
Idaho Code § 30-23-107Partnership agreement — Effect on third parties and relationship to records effective on behalf of partnership
Idaho Code § 30-23-108Signing of records to be delivered for filing to secretary of state
Idaho Code § 30-23-109Liability for inaccurate information in filed record
Idaho Code § 30-23-110Application to existing relationships
Idaho Code § 30-23-111Subjects covered outside chapter
Idaho Code § 30-23-201Partnership as entity
Idaho Code § 30-23-202Formation of partnership
Idaho Code § 30-23-203Partnership property
Idaho Code § 30-23-204When property is partnership property
Idaho Code § 30-23-301Partner agent of partnership
Idaho Code § 30-23-302Transfer of partnership property
Idaho Code § 30-23-303Statement of partnership authority
Idaho Code § 30-23-304Statement of denial
Idaho Code § 30-23-305Partnership liable for partner’s actionable conduct
Idaho Code § 30-23-306Partner’s liability
Idaho Code § 30-23-307Actions by and against partnership and partners
Idaho Code § 30-23-308Liability of purported partner
Idaho Code § 30-23-401Partner’s rights and duties
Idaho Code § 30-23-402Becoming partner
Idaho Code § 30-23-403Form of contribution
Idaho Code § 30-23-404Liability for contribution
Idaho Code § 30-23-405Sharing of and right to distributions before dissolution
Idaho Code § 30-23-406Limitations on distributions by limited liability partnership
Idaho Code § 30-23-407Liability of improper distributions by limited liability partnership
Idaho Code § 30-23-408Rights to information of partners and persons dissociated as partner
Idaho Code § 30-23-409Standards of conduct for partners
Idaho Code § 30-23-410Actions by partnership and partners
Idaho Code § 30-23-411Continuation of partnership beyond definite term or particular undertaking
Idaho Code § 30-23-501Partner not co-owner of partnership property
Idaho Code § 30-23-502Nature of transferable interest
Idaho Code § 30-23-503Transfer of transferable interest
Idaho Code § 30-23-504Charging order
Idaho Code § 30-23-505Power of legal representative of deceased partner
Idaho Code § 30-23-601Events causing dissociation
Idaho Code § 30-23-602Power to dissociate as partner — Wrongful dissociation
Idaho Code § 30-23-603Effect of dissociation
Idaho Code § 30-23-701Persons dissociated as a partner without dissolution of partnership
Idaho Code § 30-23-702Power to bind and liability of person dissociated as partner
Idaho Code § 30-23-703Liability of person dissociated as partner to other persons
Idaho Code § 30-23-704Statement of dissociation
Idaho Code § 30-23-705Continued use of partnership name
Idaho Code § 30-23-801Events causing dissolution
Idaho Code § 30-23-802Winding up
Idaho Code § 30-23-803Rescinding dissolution
Idaho Code § 30-23-804Power to bind partnership after dissolution
Idaho Code § 30-23-805Liability after dissolution of partner and person dissociated as general partner
Idaho Code § 30-23-806Disposition of assets in winding up — When contributions required
Idaho Code § 30-23-807Known claims against dissolved limited liability partnership
Idaho Code § 30-23-808Other claims against dissolved limited liability partnership
Idaho Code § 30-23-809Court proceedings
Idaho Code § 30-23-810Liability of partner and person dissociated as partner when claim against partnership barred
Idaho Code § 30-23-901Statement of qualification
Idaho Code § 30-23-902Permitted names
Idaho Code § 30-23-903Administrative revocation of statement of qualification
Idaho Code § 30-23-904Reinstatement
Idaho Code § 30-23-905Judicial review of denial of reinstatement
Idaho Code § 30-23-906Subjects covered outside chapter

Enacted in other states

Alaska, Arkansas, California, Colorado, Connecticut, District of Columbia, Iowa, Illinois, Indiana, Kentucky, Minnesota, Montana, North Carolina, New Hampshire, New Jersey, New Mexico, Ohio, Pennsylvania, South Carolina, South Dakota, Tennessee, Utah, Virginia, West Virginia, Wyoming

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