The Uniform Limited Partnership Act (ULPA), which includes its 1976 revision called the Revised Uniform Limited Partnership Act (RULPA), is a uniform act

Uniform Act

In the United States, a Uniform Act is a proposed state law drafted by the U.S. Uniform Law Commission and approved by its sponsor, the National Conference of Commissioners on Uniform State Laws ....

 (similar to a model statute

Statute

A statute is a formal written enactment of a legislative authority that governs a state, city, or county. Typically, statutes command or prohibit something, or declare policy. The word is often used to distinguish law made by legislative bodies from case law, decided by courts, and regulations...

), proposed by the National Conference of Commissioners on Uniform State Laws

National Conference of Commissioners on Uniform State Laws

The National Conference of Commissioners on Uniform State Laws is a non-profit, unincorporated association commonly referred to as the U.S. Uniform Law Commission. It consists of commissioners appointed by each state, the District of Columbia, the Commonwealth of Puerto Rico and the United States...

 ("NCCUSL") for the governance of business partnership

Partnership

A partnership is an arrangement where parties agree to cooperate to advance their mutual interests.Since humans are social beings, partnerships between individuals, businesses, interest-based organizations, schools, governments, and varied combinations thereof, have always been and remain commonplace...

s by U.S. State

U.S. state

A U.S. state is any one of the 50 federated states of the United States of America that share sovereignty with the federal government. Because of this shared sovereignty, an American is a citizen both of the federal entity and of his or her state of domicile. Four states use the official title of...

s. The NCCUSL promulgated the original ULPA in 1916 and the most recent revision in 2001.

Names of Prior Revisions

The NCCUSL promulgated the original ULPA in 1916, which is now called the Uniform Limited Partnership Act (1916) or ULPA (1916); a 1976 revision named the Revised Uniform Limited Partnership Act which is also now called the Uniform Limited Partnership Act (1976), ULPA (1976) or RULPA (1976); a 1985 revision named Uniform Limited Partnership Act (1976) with 1985 Amendments, which is also now called ULPA (1985) or RULPA (1985); and a 2001 revision that was colloquially called Re-RULPA during the drafting process but then was officially named the Uniform Limited Partnership Act (2001) or ULPA (2001). The acts may also be properly referred to without parentheses by placing the year after a hyphen, for example, ULPA-1916.

External links

• Uniform Limited Partnership Act (2001) (Official site) (Microsoft Word Format) (WordPerfect Format)

• NCCUSL's Legislative Fact Sheet and list of states adopting ULPA)
• NCCUSL's ULPA Summary)
• NCCUSL's ULPA Archive Information, Prior Revisions, and Drafts)
• NCCUSL's Why States Should Adopt the ULPA)

• A User's Guide to the New Uniform Limited Partnership Act by law professor Daniel S. Kleinberger published in 2004