2015 Utah Code
Title 48 - Unincorporated Business Entity Act
Chapter 1d - Utah Uniform Partnership Act
Part 4 - Relations of Partners to Each Other and to Partnership
Section 401 - Becoming partner.

48-1d-401. Becoming partner.

• (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.

Enacted by Chapter 412, 2013 General Session