Current through the 2024 Fourth Special Session
Section 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.Added by Chapter 412, 2013 General Session ,§ 43, eff. 1/1/2014.