§47B-10-2. Effect of Registration; Entity Unchanged
(a) A partnership that has registered pursuant to this article is for all purposes the same partnership that existed before the registration. (b) When registration takes effect: (1) All property owned by the registering partnership remains vested in the registered partnership;
§47B-10-3. Name of Registered Limited Liability Partnership
The name of a registered limited liability partnership shall contain the words "Registered Limited Liability Partnership" or the abbreviation "L.L.P." or "LLP" as the last words or letters of its name.
§47B-10-4. Applicability of Article to Foreign and Interstate Commerce
(a) A registered limited liability partnership formed under this article may conduct its business, carry on its operations and have and exercise the powers granted by this chapter in any state, territory, district or possession of the United States or in any foreign country. (b) It is the intent of the Legislature that the legal […]
§47B-10-5. Insurance or Financial Responsibility of Registered Limited Liability Partnerships
(a) A registered limited liability partnership, and any foreign limited liability partnership transacting business in this state, shall carry at all times at least $1 million of liability insurance of a kind that is designed to cover the kinds of omissions, negligence, wrongful acts, misconduct and malpractice for which liability is limited by subsection (c), […]
§47B-11-1. Uniformity of Application and Construction
This chapter shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this chapter among states enacting it.
§47B-11-2. Short Title
This chapter may be cited as the "Uniform Partnership Act".
§47B-11-3. Severability Clause
If any provision of this chapter or its application to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of this chapter which can be given effect without the invalid provision or application, and to this end the provisions of this chapter are severable.
§47B-11-4. Applicability
(a) Before July 1, 1995, this chapter governs only a partnership formed: (1) After the effective date of this chapter, unless that partnership is continuing the business of a dissolved partnership under section forty-one, article eight-a, chapter forty-seven of this code; and
§47B-11-5. Savings Clause
This chapter does not affect an action or proceeding commenced or right accrued before this chapter takes effect.
§47B-9-6. Effect of Merger
(a) When a merger takes effect: (1) The separate existence of every partnership or limited partnership that is a party to the merger, other than the surviving entity, ceases;