Utah Code § 16-19-111
Dual capacity
Utah · Utah Code Title 16 — Business Entities · Status: effective
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- Citation
- Utah Code § 16-19-111, Dual capacity, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2328525
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Full text
(1) A person may be both a general partner and a limited partner.
(2) A person that is both a general and limited partner has the rights, powers, duties, and obligations provided by this chapter and the partnership agreement in each of those capacities.
(3) When the person acts as a general partner, the person is subject to the obligations, duties, and restrictions under this chapter and the partnership agreement for general partners.
(4) When the person acts as a limited partner, the person is subject to the obligations, duties, and restrictions under this chapter and the partnership agreement for limited partners.