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ACT NO. 149

(S.140)

Partnerships; Limited Partnerships

This act recodifies Vermont laws relating to the formation and operative effect of partnerships and limited partnerships, by adopting the Revised Uniform Partnership Act of 1996, which also contains uniform limited liability partnership provisions, and by adopting the Revised Uniform Limited Partnership Act of 1985.

The Uniform Partnership Act, 11 V.S.A. Chapter 9, and 11 V.S.A. § 3141 are repealed on January 1, 1999. In addition, 11 V.S.A. §§ 1391-1420, relating to limited partnerships, are repealed on January 1, 1999.

Effective Date: January 1, 1999