Revised Uniform Partnership Act
The NCCUSL's first revision of UPA was promulgated in 1992 and amended in 1993 and 1994. The 1994 revision was often referred to as the Revised Uniform Partnership Act (RUPA). Confusion arose when the 1996 and 1997 versions were also called RUPA. Because of this confusion, the NCCUSL now officially refers to each UPA version as "Uniform Partnership Act (year)," where "year" is replaced by the actual year that NCCUSL approved it. Many people still use the term "RUPA" to mean any version from 1994 forward. Thus, "RUPA" may actually imply any version of UPA except the 1914 version.
Read more about this topic: Uniform Partnership Act
Famous quotes containing the words revised, uniform, partnership and/or act:
“Coming to Rome, much labour and little profit! The King whom you seek here, unless you bring Him with you you will not find Him.”
—Anonymous 9th century, Irish. “Epigram,” no. 121, A Celtic Miscellany (1951, revised 1971)
“The sugar maple is remarkable for its clean ankle. The groves of these trees looked like vast forest sheds, their branches stopping short at a uniform height, four or five feet from the ground, like eaves, as if they had been trimmed by art, so that you could look under and through the whole grove with its leafy canopy, as under a tent whose curtain is raised.”
—Henry David Thoreau (1817–1862)
“Society is indeed a contract.... It is a partnership in all science; a partnership in all art; a partnership in every virtue, and in all perfection. As the ends of such a partnership cannot be obtained in many generations, it becomes a partnership not only between those who are living, but between those who are living, those who are dead, and those who are to be born.”
—Edmund Burke (1729–1797)
“What distinguishes the majority of men from the few is their inability to act according to their beliefs.”
—Henry Miller (1891–1980)