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Uniform Partnership Act

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Uniform Partnership Act
Model legislation proposed by the National Conference of Commissioners on Uniform State Laws governing business partnerships. The Act determines how assets are distributed, governs the fiduciary duties of partners, and so forth. The NCCUSL has promulgated several versions of the Act since 1914. Versions of the Act have been adopted in every state except Louisiana.


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REVISED UNIFORM PARTNERSHIP ACT [section] 303(a) (1997).
Since its inception, the ULC has been responsible for more than 200 acts, among them such bulwarks of state statutory law as the Uniform Commercial Code, the Uniform Probate Code, the Uniform Partnership Act, and the Uniform Interstate Family Support Act.
Uniform Partnership Act (UPA) is one of the uniform laws adopted by some states or used as a baseline for other states.
 
 
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