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 ?
That said, the Uniform Law Commission has approved a revised version of the Uniform Partnership Act that would apply to partnerships the same rules as LLCs in this regard.
The pros and cons of LLCs: This popular entity choice serves a wide variety of purposes
Frates applied Florida law, including caselaw under the Uniform Partnership Act (UPA), (2) to the dissolution of a law firm partnership.
Leaving Law Firms with Client Fees: Florida's Path
Uniform Limited Liability Company Act ("ULLCA") definitions, like the rest of the Act, are a blend of terms and concepts derived from the Uniform Partnership Act ("UPA"), the Uniform Partnership Act (1994) ("UPA 1994", also previously known as the Revised Uniform Partnership Act or "RUPA"), the Revised Uniform Limited Partnership Act ("RULPA"), the Uniform Commercial Code ("UCC"), and the Model Business Corporation Act ("MBCA"), or their revisions from time to time; some are tailored specially for this Act.
Kirksey v. Grohmann: LLC dissolution is proper when member deadlock leaves no meaningful way to move forward
Under the Revised Uniform Partnership Act, Sims's estate might lose.
Contractarianism and its discontents: reflections on unincorporated business organization law reform
The RUPA designates the partnership as an entity with a separate existence from the partners (Uniform Partnership Act, 1997, [section]201, a).
Transformation of the viable business structures
Uniform Partnership Act that limits fiduciary duties "only to"
What fiduciary duties should apply to the LLC manager after more than a decade of experimentation?
Bromberg and Ribstein on limited liability partnerships, the revised Uniform Partnership Act, and the Uniform Limited Partnership Act (2001), 2006 ed.
Bromberg and Ribstein on Limited Liability Partnerships, the Revised Uniform Partnership Act, and the Uniform Limited Partnership Act (2001), 2006 ed
Content includes text of the state's Business Corporation Act, Revised Uniform Partnership Act, Revised Uniform Limited Partnership Act, Limited Liability Act and the Not For Profit Corporation Act.
Florida Business Laws Annnotated
Most states have adopted the Uniform Partnership Act, which defines what constitutes partnerships, sets forth a few fundamentals on how they are run, and spells out the ground rules for divorce.
BREAKING UP Is Hard to Do
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.
New Laws for the Digital Age
This view was reinforced by the Uniform Partnership Act, which still requires two or more partners for the existence of a partnership.
The second-generation limited liability company
Similar to the Uniform Partnership Act, silence in the articles causes default.
Limited liability: a business form worth considering
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