A model series of rules drafted by the Uniform Law Commission (ULC, also known as the National Conference of Commissioners on Uniform State Laws (NCCUSL)), and recommended for state enactment, governing general partnerships and limited liability partnerships. These gap-filling rules control only in the absence of a partnership agreement or when a question is not resolved by the express provisions of the partnership agreement.
The ULC approved the original version of the Uniform Partnership Act in 1914 (UPA 1914). UPA 1914 underwent multiple revisions, with the current version being approved in 1997 (commonly referred to as RUPA or UPA 1997) and last amended in 2013. The ULC refers to each UPA version as "UPA [YEAR]," noting the year the NCCUSL approved it.
Each state can decide whether to: Adopt the uniform language of RUPA.Depart from the uniform language of RUPA and enact nonuniform provisions to their state partnership law.
All states except Louisiana adopted UPA (1914), and most states subsequently replaced UPA 1914 with some form of RUPA (see ULC: Enactment Map).
End of Document Resource ID w-033-0266 Document Type GlossaryPLC US Commercial Transactions, PLC US Corporate and Securities, PLC US Finance, PLC US Glossary, PLC US Law Department, PLC US Real Estate, PLC US Trusts & Estates