LD 1609
pg. 32
Page 31 of 148 An Act To Establish the Uniform Partnership Act Page 33 of 148
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LR 1469
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appropriate as an expression of the increased emphasis on the
entity theory as the dominant model. But see Section 306
(partners' liability joint and several unless the partnership has
filed a statement of qualification to become a limited liability
partnership).

 
Giving clear expression to the entity nature of a partnership
is intended to allay previous concerns stemming from the
aggregate theory, such as the necessity of a deed to convey title
from the "old" partnership to the "new" partnership every time
there is a change of cast among the partners. Under RUPA, there
is no "new" partnership just because of membership changes. That
will avoid the result in cases such as Fairway Development Co. v.
Title Insurance Co., 621 F. Supp. 120 (N.D. Ohio 1985), which
held that the "new" partnership resulting from a partner's death
did not have standing to enforce a title insurance policy issued
to the "old" partnership.

 
Subsection (b) makes clear that the explicit entity theory
provided by subsection (a) applies to a partnership both before
and after it files a statement of qualification to become a
limited liability partnership. Thus, just as there is no "new"
partnership resulting from membership changes, the filing of a
statement of qualification does not create a "new" partnership.
The filing partnership continues to be the same partnership
entity that existed before the filing. Similarly, the amendment
or cancellation of a statement of qualification under Section
105(d) or the revocation of a statement of qualification under
Section 1003(c) does not terminate the partnership and create a
"new" partnership. See Section 1003(d). Accordingly, a
partnership remains the same entity regardless of a filing,
cancellation, or revocation of a statement of qualification.

 
§1022.__Formation of partnership

 
1.__Formation of partnership.__Except as otherwise provided in
subsection 2, the association of 2 or more persons to carry on as
co-owners a business for profit forms a partnership, whether or
not the persons intend to form a partnership.

 
2.__Not partnership.__An association formed under a statute
other than this chapter, a predecessor statute or a comparable
statute of another jurisdiction is not a partnership under this
chapter.

 
3.__Determination of formation; rules.__In determining whether
a partnership is formed, the following rules apply.

 
A.__Joint tenancy, tenancy in common, tenancy by the entireties,
joint property, common property or part


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