Utah Code 48-2e-501. Form of contribution
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Terms Used In Utah Code 48-2e-501
- Limited partnership: means an entity formed under this chapter or which becomes subject to this chapter under Part 11, Merger, Interest Exchange, Conversion, and Domestication, or Section 48-2e-1205. See Utah Code 48-2e-102
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Property: means all property, whether real, personal, or mixed or tangible or intangible, or any right or interest therein. See Utah Code 48-2e-102
- Transfer: includes :(25)(a) an assignment;(25)(b) a conveyance;(25)(c) a sale;(25)(d) a lease;(25)(e) an encumbrance, including a mortgage or security interest;(25)(f) a gift; and(25)(g) a transfer by operation of law. See Utah Code 48-2e-102
A contribution may consist of property transferred to, services performed for, or another benefit provided to the limited partnership or an agreement to transfer property to, perform services for, or provide another benefit to the limited partnership.