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Section 301 - Becoming limited partners.

UT Code § 48-2e-301 (2019) (N/A)
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(1) Upon formation of a limited partnership, a person becomes a limited partner as agreed among the persons that are to be the initial partners.

(2) After formation, a person becomes a limited partner: (a) as provided in the partnership agreement; (b) as the result of a transaction effective under Part 11, Merger, Interest Exchange, Conversion, and Domestication; (c) with the affirmative vote or consent of all the partners; or (d) as provided in Subsection 48-2e-801(1)(d) or (1)(e).

(a) as provided in the partnership agreement;

(b) as the result of a transaction effective under Part 11, Merger, Interest Exchange, Conversion, and Domestication;

(c) with the affirmative vote or consent of all the partners; or

(d) as provided in Subsection 48-2e-801(1)(d) or (1)(e).

(3) A person may become a partner without: (a) acquiring a transferable interest; or (b) making or being obligated to make a contribution to the limited partnership.

(a) acquiring a transferable interest; or

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

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Section 302 - No agency power of limited partner as limited partner.