Becoming limited partners.
Utah Code § 16-19-301
in effect16-19-301. Becoming limited partners.
(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:
(i) Chapter 1a, Part 7, Merger;
(ii) Chapter 1a, Part 8, Interest Exchange;
(iii) Chapter 1a, Part 9, Conversion; or
(iv) Chapter 1a, Part 10, Domestication;
(c) with the affirmative vote or consent of all the partners; or
(d) as provided in Subsection 16-19-801(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.
Renumbered and Amended by Chapter 93, 2026 General Session
Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title16/Chapter19/16-19-S301.html?v=C16-19-S301_2026050620261001Fetched: 10/26/2026