UTAH CODE (Last Updated: January 16, 2015) |
Title 48. Partnership |
Chapter 1d. Utah Uniform Partnership Act |
Part 1. General Provisions |
§ 48-1d-107. Partnership agreement -- Effect on partnership and person becoming partner -- Preformation agreement.
Latest version.
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(1) A partnership is bound by and may enforce the partnership agreement, whether or not the partnership has itself manifested assent to the partnership agreement. (2) A person that becomes a partner of a partnership is deemed to assent to the partnership agreement. (3) Two or more persons intending to become the initial partners of a partnership may make an agreement providing that upon the formation of the partnership the agreement will become the partnership agreement.
Enacted by Chapter 412, 2013 General Session