January 1, 2023
Corporate Compliance
Revised Uniform Partnership Act
Effective January 1, 2023, both the Uniform Partnership Act and Uniform Limited Partnership Act will be revised to establish consistency with respect to formation requirements and business practices, creating business environments with more predictable legal outcomes.
"An Act Relating to Corporations, Associations and Partnerships - Uniform Partnership Act
Introduced By: Representative Gregg Amore | Date Introduced: March 02, 2022 | Referred To: House Corporations
7-12.1-106. Partnership agreement -- Effect on partnership and person becoming 14 partner -- Preformation agreement.
15 (a) A partnership is bound by and may enforce the partnership agreement, whether or not
16 the partnership has itself manifested assent to the agreement.
17 (b) A person that becomes a partner is deemed to assent to the partnership agreement.
18 (c) Two (2) or more persons intending to become the initial partners of a partnership may
19 make an agreement providing that upon the formation of the partnership the agreement will become
20 the partnership agreement."
View Info
"An Act Relating to Corporations, Associations and Partnerships - Uniform Partnership Act
Introduced By: Representative Gregg Amore | Date Introduced: March 02, 2022 | Referred To: House Corporations
7-12.1-106. Partnership agreement -- Effect on partnership and person becoming 14 partner -- Preformation agreement.
15 (a) A partnership is bound by and may enforce the partnership agreement, whether or not
16 the partnership has itself manifested assent to the agreement.
17 (b) A person that becomes a partner is deemed to assent to the partnership agreement.
18 (c) Two (2) or more persons intending to become the initial partners of a partnership may
19 make an agreement providing that upon the formation of the partnership the agreement will become
20 the partnership agreement."
View Info