Revised Uniform Partnership Act of 1997

{
  "id": "MLC-T-LAW-004317",
  "term": "Revised Uniform Partnership Act of 1997",
  "field": "Law",
  "definition": "A model statute drafted by the Uniform Law Commission to govern the formation, operation, and dissolution of partnerships. It provides default rules for partnership agreements, addressing issues such as partner duties, distributions, and liability. Many states have adopted RUPA, either in its original form or with modifications, to standardize partnership law.",
  "abbreviation": "RUPA",
  "url": "https://mlchart.com/terminology/law/revised-uniform-partnership-act-of-1997/"
}