Renumbered 10/1/2026
174 words·~1 min read·
/ut/title-48/chapter-1d/10-74A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/13/2014
Renumbered 10/1/2026
48-1d-1305. Limit of one profession.
(1)A professional services partnership organized to provide a professional service under this part may provide only:
(a)one specific type of professional service; and
(b)services ancillary to the professional service described in Subsection (1)(a) .
(2)A professional services partnership organized to provide a professional service under this part may not engage in a business other than to provide:
(a)the professional service that it was organized to provide; and
(b)services ancillary to the professional service described in Subsection (2)(a) .
(3)Notwithstanding Subsections
(1)and
(2), a professional services partnership may:
(a)own real and personal property necessary or appropriate for providing the type of professional service it was organized to provide; and
(b)invest the professional services partnership's money in one or more of the following:
(i)real estate;
(ii)mortgages;
(iii)stocks;
(iv)bonds; or
(v)another type of investment.
Renumbered and Amended by Chapter 93 , 2026 General Session
Amended by Chapter 189 , 2014 General Session