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.
References in periodicals archive ?
As detailed above, a plaintiff should look to the Revised Uniform Partnership Act for the types of factual circumstances that can give rise to a partnership.
Policy Decisions Animate Revision of the Uniform Partnership Act, 46
In this regard, the charging order provision in the LLC Act stands in stark contrast to the charging order provisions in both the Florida Revised Uniform Partnership Act, [section] 620.
The court determined that an association with the intent to carry on a business for profit is the essential requirement for a partnership under the Uniform Partnership Act and that an express agreement to divide profits is not a prerequisite to the existence of a partnership.
Conti of Holland & Knight in Orlando presented "Revisions to the Uniform Partnership Act and the Limited Liability Company Act" at The Florida Bar's 19th Annual Legislative.
Florida enacted the Revised Uniform Partnership Act (RUPA) in 1995, effective January 1, 1996, for general partnerships formed on or after that date.
Bromberg and Ribstein on Limited Liability Partnerships and the Revised Uniform Partnership Act Alan R.
NYSE: PHB); and the IAA Communications Company pursuant to the provisions of the Delaware Uniform Partnership Act.
Under the Uniform Partnership Act, which most states have adopted, partners can incorporate a continuation provision in their partnership agreements.
The Florida Legislature adopted the Revised Uniform Partnership Act (RUPA) during the 1995 legislative session.
Because the New York RLLP law does not correspond to the Uniform Partnership Act, the status of the RLLP in question had to be determined under Regs.
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