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2025 Utah Code
Title 48 - Unincorporated Business Entity Act
Chapter 2e - Utah Uniform Limited Partnership Act
Part 4 - General Partners
Section 403 - Limited partnership liable for general partner's actionable conduct.
Universal Citation:
UT Code § 48-2e-403 (2025)
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48-2e-403. Limited partnership liable for general partner's actionable conduct.
Enacted by Chapter 412, 2013 General Session
- (1) A limited partnership is liable for loss or injury caused to a person, or for a penalty incurred, as a result of a wrongful act or omission, or other actionable conduct, of a general partner acting in the ordinary course of activities and affairs of the limited partnership or with the actual or apparent authority of the limited partnership.
- (2) If, in the course of a limited partnership's activities and affairs or while acting with actual or apparent authority of the limited partnership, a general partner receives or causes the limited partnership to receive money or property of a person not a partner, and the money or property is misapplied by a general partner, the limited partnership is liable for the loss.
Enacted by Chapter 412, 2013 General Session
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