Utah § 1d-402 - Management rights of partners. (Renumbered 10/1/2026)
Full text of Utah Utah Code § 1d-402 — Management rights of partners. (Renumbered 10/1/2026), with citation guidance and answers to common questions.
§ 1d-402. Management rights of partners. (Renumbered 10/1/2026)
48-1d-402. Management rights of partners.
| (1) | Each partner has equal rights in the management and conduct of the partnership's activities and affairs. |
| (2) | A partner may use or possess partnership property only on behalf of the partnership. |
| (3) | A partner is not entitled to remuneration for services performed for the partnership, except for reasonable compensation for services rendered in winding up the activities and affairs of the partnership. |
| (4) | A difference arising among partners as to a matter in the ordinary course of the activities of the partnership shall be decided by a majority of the partners. |
| (5) | An act outside the ordinary course of the activities and affairs of the partnership may be undertaken only with the consent of all partners. An act outside the ordinary course of business of a partnership, an amendment to the partnership agreement, and the approval of a transaction under Part 10, Merger, Interest Exchange, Conversion, and Domestication, may be undertaken only with the affirmative vote or consent of all of the partners. |
Renumbered and Amended by Chapter 93, 2026 General Session
Enacted by Chapter 412, 2013 General Session
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 1d-402
What does Utah Code § 1d-402 cover?
Section 1d-402 ("Management rights of partners. (Renumbered 10/1/2026)") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Utah § 1d-402?
A common citation format is "Utah Code § 1d-402" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Utah law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.
How does Utah § 1d-402 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Utah.