48-2a-705 - Power of estate of deceased or incompetent partner. - Utah Statutes

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Statutes > Utah > Title-48 > Chapter-02a > 48-2a-705

48-2a-705. Power of estate of deceased or incompetent partner.
If a partner who is an individual dies or a court of competent jurisdiction adjudges him tobe incompetent to manage his person or his property, the partner's executor, administrator,guardian, conservator, or other legal representative may exercise all of the partner's rights for thepurpose of settling his estate or administering his property, including any authority the partnerhad to give an assignee the right to become a limited partner. If a partner is a corporation, trust,or other entity and is dissolved or terminated, the powers of that partner may be exercised by itslegal representative or successor.

Amended by Chapter 189, 1991 General Session

State Codes and Statutes

Statutes > Utah > Title-48 > Chapter-02a > 48-2a-705

48-2a-705. Power of estate of deceased or incompetent partner.
If a partner who is an individual dies or a court of competent jurisdiction adjudges him tobe incompetent to manage his person or his property, the partner's executor, administrator,guardian, conservator, or other legal representative may exercise all of the partner's rights for thepurpose of settling his estate or administering his property, including any authority the partnerhad to give an assignee the right to become a limited partner. If a partner is a corporation, trust,or other entity and is dissolved or terminated, the powers of that partner may be exercised by itslegal representative or successor.

Amended by Chapter 189, 1991 General Session

State Codes and Statutes

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State Codes and Statutes

Statutes > Utah > Title-48 > Chapter-02a > 48-2a-705

48-2a-705. Power of estate of deceased or incompetent partner.
If a partner who is an individual dies or a court of competent jurisdiction adjudges him tobe incompetent to manage his person or his property, the partner's executor, administrator,guardian, conservator, or other legal representative may exercise all of the partner's rights for thepurpose of settling his estate or administering his property, including any authority the partnerhad to give an assignee the right to become a limited partner. If a partner is a corporation, trust,or other entity and is dissolved or terminated, the powers of that partner may be exercised by itslegal representative or successor.

Amended by Chapter 189, 1991 General Session