(1) |
A statement of interest exchange must be signed by a domestic acquired limited partnership and delivered to the division for filing. |
Terms Used In Utah Code 48-2e-1135
- Certificate of limited partnership: means the certificate required by Section 48-2e-201. See Utah Code 48-2e-102
- Division: means the Division of Corporations and Commercial Code. See Utah Code 48-2e-102
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Limited partnership: means an entity formed under this chapter or which becomes subject to this chapter under 11, 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.
(2) |
A statement of interest exchange must contain:
(a) |
the name of the acquired limited partnership; |
(b) |
the name, jurisdiction of formation, and type of entity of the acquiring entity; |
(c) |
a statement that the plan of interest exchange was approved by the acquired entity in accordance with Sections 48-2e-1131 through 48-2e-1136; and |
(d) |
any amendments to the acquired limited partnership’s certificate of limited partnership approved as part of the plan of interest exchange. |
|
(3) |
In addition to the requirements of Subsection (2), a statement of interest exchange may contain any other provision not prohibited by law. |
(4) |
A plan of interest exchange that is signed by a domestic acquired limited partnership and meets all the requirements of Subsection (2) may be delivered to the division for filing instead of a statement of interest exchange and on filing has the same effect. If a plan of interest exchange is filed as provided in this Subsection (4), references in this part to a statement of interest exchange refer to the plan of interest exchange filed under this Subsection (4). |
Enacted by Chapter 412, 2013 General Session