Section 401 - Becoming partner.

UT Code § 48-1d-401 (2019) (N/A)
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(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.

(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.

(a) acquiring a transferable interest; or

(b) making or being obligated to make a contribution to the partnership.