ULPA definition

ULPA means the Uniform Limited Partnership ▇▇▇ ▇▇▇▇, Chapter 321 of the Minnesota Statutes.
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ULPA means the Massachusetts Uniform Limited Partnership Act, as amended from time to time.
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ULPA means the Uniform Limited Partnership Act (2001) [805 ILCS 215].
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Examples of ULPA in a sentence

  • The General Partner agrees to prepare and file and the Partners agree to execute a certificate of limited partnership, any amendments thereto, and such other instruments, documents and papers as the General Partner deems necessary or appropriate to carry out the intent of this Agreement, and to take such other action as the General Partner deems appropriate to maintain the Partnership's status as a Limited Partnership under the ULPA.

  • Express provisions for capital accounts and profit and loss allocations No – ULLCA follows both RUPA (1997) (Last Amended 2013) and ULPA (2001) (Last Amended 2013) by omitting the default rule for allocation of losses.

  • The Limited Partners who execute this Agreement or are otherwise admitted as Limited Partners shall be liable to the Partnership for the repayment, satisfaction and discharge of its debts, liabilities and obligations only (i) to the extent of their respective Capital Contributions and (ii) to the extent provided in Section 38 of the ULPA.

  • Partners shall be required to repay Partnership distributions to the extent provided in the ULPA.

  • ULPA" means the Massachusetts Uniform Limited Partnership Act, as amended from time to time.

  • All of the Partnership Interests have been duly and validly created pursuant to the ULPA and the applicable Constituent Documents.

  • The General Partner shall have such liability for the repayment, satisfaction and discharge of the debts, liabilities and obligations of the Partnership as is provided by the ULPA for a general partner of a limited partnership.

  • Yet ULPA 2001's restrictions on contracting are no more appropriate for smaller than for larger firms.

  • ULPA 2001, on the other hand, arguably suits situations where sophisticated legal talent cannot be assumed to be available.

  • ULPA 2001 is best understood against the background of the statutory law of limited partnerships that underlies most of the cases.


More Definitions of ULPA

ULPA. The Uniform Limited Partnership Act as adopted by any State having jurisdiction over an Operating Partnership.
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Related to ULPA

  • DRULPA means the Delaware Revised Uniform Limited Partnership Act.

  • DLLCA means the Delaware Limited Liability Company Act.

  • Constitutive Act means the Constitutive Act of the African Union;

  • Delaware LLC Act means the Delaware Limited Liability Company Act.

  • Regional economic integration organization means an organization constituted by sovereign States of a given region to which its member States have transferred competence in respect of matters governed by this Convention and which has been duly authorized, in accordance with its internal procedures, to sign, ratify, accept, approve or accede to this Convention;