§ 48-1d-401. Becoming partner.

Latest version.

(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

                    
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