Statement of qualification

(1) A partnership may become a limited liability partnership in accordance with this section. (2) The terms and conditions on which a partnership becomes a limited liability partnership must be approved by the vote or consent necessary to amend the partnership agreement except, in the case of a partnership agreement that expressly addresses obligations to contribute to the partnership, the vote or consent necessary to amend those provisions. (3) After the approval required by Subsection (2), a partnership may become a limited liability partnership by delivering to the division for filing a statement of qualification. The statement of qualification must contain: (a) the name of the limited liability partnership; (b) the street address of the limited liability partnership's principal office and, if different, the street address of an office in this state, if any; (c) the information required by Section 16-1a-404; and (d) a statement that the partnership elects to become a limited liability partnership. (4) A partnership's status as a limited liability partnership remains effective, regardless of changes in the limited liability partnership, until it is canceled in accordance with Subsection (6) or administratively revoked in accordance with Section 16-18-1002. (5) The status of a partnership as a limited liability partnership and the liability of its partners for the debts, obligations, or other liabilities of the partnership while it is a limited liability partnership is not affected by errors or later changes in the information required to be contained in the statement of qualification. (6) (a) A limited liability partnership may amend or cancel the limited liability partnership's statement of qualification by delivering to the division for filing a statement of amendment or cancellation. (b) The statement must be consented to by all partners and state the name of the limited liability partnership and in the case of: (i) an amendment, state the amendment; and (ii) a cancellation, state that the statement of qualification is canceled.