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Utah Code Title 48. Partnership--Unincorporated Business Entities § 48-2e-1152. Plan of domestication

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) A domestic limited partnership may become a foreign limited partnership in a domestication by approving a plan of domestication. The plan must be in a record and contain:

(a) the name of the domesticating limited partnership;

(b) the name and jurisdiction of formation of the domesticated limited partnership;

(c) the manner of converting the interests in the domesticating limited partnership into interests, securities, obligations, money, other property, rights to acquire interests or securities, or any combination of the foregoing;

(d) the proposed certificate of limited partnership of the domesticated limited partnership;

(e) the full text of the partnership agreement of the domesticated limited partnership rights to acquire interests or securities, that are proposed to be in a record;

(f) the other terms and conditions of the domestication; and

(g) any other provision required by the law of this state or the partnership agreement of the domesticating limited partnership.

(2) In addition to the requirements of Subsection (1), a plan of domestication may contain any other provision not prohibited by law.

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Cite this article: FindLaw.com - Utah Code Title 48. Partnership--Unincorporated Business Entities § 48-2e-1152. Plan of domestication - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-48-partnership-unincorporated-business-entities/ut-code-sect-48-2e-1152/

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