16-18-106. Partnership agreement -- Effect on partnership and person becoming partner -- Preformation agreement.
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Effective 10/1/2026
16-18-106. Partnership agreement -- Effect on partnership and person becoming partner -- Preformation agreement.
(1)A partnership is bound by and may enforce the partnership agreement, whether or not the partnership has itself manifested assent to the partnership agreement.
(2)A person that becomes a partner of a partnership is deemed to assent to the partnership agreement.
(3)Two or more persons intending to become the initial partners of a partnership may make an agreement providing that upon the formation of the partnership the agreement will become the partnership agreement.
Renumbered and Amended by Chapter 93 , 2026 General Session