Section 401 - Becoming general partner.

UT Code § 48-2e-401 (2019) (N/A)
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(1) A person becomes a general partner: (a) upon formation of a limited partnership, as agreed among the persons that are to be the initial partners; and (b) after formation: (i) as provided in the partnership agreement; (ii) under Subsection 48-2e-801(1)(c)(ii) following the dissociation of a limited partnership's last general partner; (iii) as the result of a transaction effective under Part 11, Merger, Interest Exchange, Conversion, and Domestication; or (iv) with the affirmative vote or consent of all the partners.

(a) upon formation of a limited partnership, as agreed among the persons that are to be the initial partners; and

(b) after formation: (i) as provided in the partnership agreement; (ii) under Subsection 48-2e-801(1)(c)(ii) following the dissociation of a limited partnership's last general partner; (iii) as the result of a transaction effective under Part 11, Merger, Interest Exchange, Conversion, and Domestication; or (iv) with the affirmative vote or consent of all the partners.

(i) as provided in the partnership agreement;

(ii) under Subsection 48-2e-801(1)(c)(ii) following the dissociation of a limited partnership's last general partner;

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

(iv) with the affirmative vote or consent of all the partners.

(2) A person may become a general 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.