Repealed 10/1/2026
184 words·~1 min read·
/ut/title-48/chapter-1d/10-19A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Repealed 10/1/2026
48-1d-1032. Plan of interest exchange.
(1)A domestic partnership may be the acquired entity in an interest exchange under Sections 48-1d-1031 through 48-1d-1036 by approving a plan of interest exchange. The plan must be in a record and contain:
(a)the name of the acquired entity;
(b)the name, jurisdiction of formation, and type of entity of the acquiring entity;
(c)the manner of converting the interests in the acquired entity into interests, securities, obligations, money, other property, rights to acquire interests or securities, or any combination of the foregoing;
(d)any proposed amendments to the partnership agreement that are, or are proposed to be, in a record of the acquired entity;
(e)the other terms and conditions of the interest exchange; and
(f)any other provision required by the law of this state or the partnership agreement of the acquired entity.
(2)In addition to the requirements of Subsection
(1), a plan of interest exchange may contain any other provision not prohibited by law.
Repealed by Chapter 93 , 2026 General Session
Enacted by Chapter 412 , 2013 General Session