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House updates limited‑partnership law, adds filing and annual report requirements (HB 107)
Summary
Legislators approved HB 107 to modernize Utah's Uniform Limited Partnership Act—introducing central filing, annual reports and registration of foreign limited partnerships—and estimated recurring fee revenue; the bill passed the House 66‑7.
The Utah House on Jan. 14 passed H.B. 107, a package of revisions to the state’s limited‑partnership law that supporters said would modernize filings, allow central registration, require an annual report and create clearer administrative authority.
Sponsor representatives explained the bill updates a statute largely unchanged since 1921 and aligns Utah law with more recent versions adopted in many states and by…
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