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 ?
Unlike the Uniform Partnership Act that left the issue of
William Callison, Blind Men and Elephants: Fiduciary Duties Under the Revised Uniform Partnership Act, Uniform Limited Liability Company Act, and Beyond, 1 J.
Uniform Partnership Act [section]101 (6) (NCCUSL 1997).
Analysis of the Revised Uniform Partnership Act and the Uniform Limited Partnership Act is updated, with discussion of the latest state variations and adoptions.
Since its creation in 1892, the NCCUSL has written more than 200 uniform laws, including the Uniform Partnership Act, Uniform Trade Secrets Act, Uniform Probate Code and Uniform Limited Partnerships Act.
Since its inception in 1892, the commission has developed more than 200 laws, including such bulwarks of state law as the Uniform Commercial Code, the Uniform Probate Code and the Uniform Partnership Act.
This view was reinforced by the Uniform Partnership Act, which still requires two or more partners for the existence of a partnership.
Similar to the Uniform Partnership Act, silence in the articles causes default.
In August 1991, Texas revised the Texas Uniform Partnership Act ("TUPA") to permit partners of Texas general partnerships to be statutorily protected from the errors, omissions, and negligence of other partners by becoming a registered limited liability partnership ("RLLP").
In addition, you'll find the full texts of every state statute regarding situs changes, as well as an analysis of the key provisions of leading states and the Uniform Probate Code, the proposed Uniform Trust Act, and the revision of the Uniform Partnership Act (including provisions governing applicable LLPs).
Under the Uniform Partnership Act, an accounting is defined as a "statement of receipts and disbursements which [shows] .
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