Statement of qualification.

Utah Code § 16-18-1001 (eff. 10/1/2026), under Part 16-18-10: Limited Liability Partnerships.

Utah Code § 16-18-1001 (eff. 10/1/2026)

16-18-1001. 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, 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: (2) the name of the limited liability partnership; 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; the information required by Section; and 16-1a-404 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 Subsectionor administratively revoked in accordance with Section. (6) 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 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. The statement must be consented to by all partners and state the name of the limited liability partnership and in the case of: an amendment, state the amendment; and a cancellation, state that the statement of qualification is canceled.