The Florida Senate

620.9901  Applicability.--

(1)  Beginning January 1, 1996, and ending January 1, 1998, the Revised Uniform Partnership Act of 1995 governs only a partnership formed:

(a)  On or after January 1, 1996, unless such partnership is continuing the business of a dissolved partnership under former s. 620.76; and

(b)  Before January 1, 1996, which elects, as provided in subsection (3), to be governed by the Revised Uniform Partnership Act of 1995.

(2)  Effective January 1, 1998, the Revised Uniform Partnership Act of 1995 governs all partnerships.

(3)  Beginning January 1, 1996, and ending January 1, 1998, a partnership voluntarily may elect, in the manner provided in its partnership agreement or by law providing for amending the partnership agreement, to be governed by the Revised Uniform Partnership Act of 1995. The provisions of the Revised Uniform Partnership Act of 1995 relating to liability of a partnership's partners to third parties apply to limit such partners' liability to a third party who had done business with the partnership within 1 year preceding the partnership's election to be governed by the Revised Uniform Partnership Act of 1995, only if the third party knows or has received a notification of the partnership's election to be governed by the Revised Uniform Partnership Act of 1995.

History.--s. 14, ch. 95-242; s. 34, ch. 99-285; s. 43, ch. 2001-63.

Note.--Former s. 620.90.