16-19-302. No agency power of limited partner as limited partner.
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/ut/title-16/chapter-19/16-19-302A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 10/1/2026
16-19-302. No agency power of limited partner as limited partner.
(1)A limited partner is not an agent of a limited partnership solely by reason of being a limited partner.
(2)A person's status as a limited partner does not prevent or restrict law other than this chapter from imposing liability on a limited partnership because of the person's conduct.
Renumbered and Amended by Chapter 93 , 2026 General Session