| (b) | has not dissociated as a general partner under Section 48-2e-603. See Utah Code 48-2e-102Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCCLimited 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-102Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.Partner: means a limited partner or general partner. See Utah Code 48-2e-102Partnership: 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.Partnership agreement: means the agreement, whether or not referred to as a partnership agreement, and whether oral, implied, in a record, or in any combination thereof, of all the partners of a limited partnership concerning the matters described in Subsection 48-2e-112(1). See Utah Code 48-2e-102Property: means all property, whether real, personal, or mixed or tangible or intangible, or any right or interest therein. See Utah Code 48-2e-102 |
| (2) |
The affirmative vote or consent of all partners is required to:
| (a) |
amend the partnership agreement; |
| (b) |
amend the certificate of limited partnership to add or delete a statement that the limited partnership is a limited liability limited partnership; |
| (c) |
sell, lease, exchange, or otherwise dispose of all, or substantially all, of the limited partnership’s property, with or without the good will, other than in the usual and regular course of the limited partnership’s activities and affairs; and |
| (d) |
approve a transaction under 11. |
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