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Partnership | |
Utah Revised Uniform Limited Partnership Act | |
Section 403 | General powers and liabilities. |
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48-2a-403 (Repealed 07/01/12). General powers and liabilities. (1) Except as provided in this chapter or in the partnership agreement, a general partner of a limited partnership has the rights and powers and is subject to the restrictions of a partner in a partnership without limited partners. (2) Except as provided in this chapter, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to persons other than the partnership and the other partners. Except as provided in this chapter or in the partnership agreement, a general partner of a limited partnership has the liabilities of a partner in a partnership without limited partners to the partnership and to the other partners.
Enacted by Chapter 233, 1990 General Session |
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