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Code · Utah · Title 16 — Corporations · Chapter 19

16-19-111. Dual capacity.

117 words·~1 min read·/ut/title-16/chapter-19/16-19-111

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Effective 10/1/2026
16-19-111. Dual capacity.
(1)A person may be both a general partner and a limited partner.
(2)A person that is both a general and limited partner has the rights, powers, duties, and obligations provided by this chapter and the partnership agreement in each of those capacities.
(3)When the person acts as a general partner, the person is subject to the obligations, duties, and restrictions under this chapter and the partnership agreement for general partners.
(4)When the person acts as a limited partner, the person is subject to the obligations, duties, and restrictions under this chapter and the partnership agreement for limited partners.
Renumbered and Amended by Chapter 93 , 2026 General Session
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