UTAH CODE (Last Updated: January 16, 2015) |
Title 48. Partnership |
Chapter 1. General and Limited Liability Partnerships |
Part 1. General Partnership |
§ 48-1-4. Rules for determining the existence of a partnership.
Latest version.
- In determining whether a partnership exists these rules shall apply:
(1) Except as provided by Section 48-1-13, persons who are not partners as to each other are not partners as to third persons. (2) Joint tenancy, tenancy in common, tenancy by entireties, joint property, common property, or part ownership does not of itself establish a partnership, whether such co-owners do or do not share any profits made by the use of the property. (3) The sharing of gross returns does not of itself establish a partnership, whether or not the persons sharing them have a joint or common right or interest in any property from which the returns are derived.
No Change Since 1953