Opinion ID: 1911789
Heading Depth: 1
Heading Rank: 14

Heading: Applicability and Effective Date of the 1998 UPA

Text: Generally, the parties agree that the partnership agreement governs whether the partnership was dissolved. Nonetheless, the parties at times rely on the 1998 UPA, [8] and the act is relevant. So, in our analysis, we will be focusing on the interplay between the 1998 UPA and the partnership agreement In the 1998 UPA, the Legislature set a termination date for the original Uniform Partnership Act (the original UPA) [9] and adopted the subsequent model act that is commonly called the Revised Uniform Partnership Act (RUPA). [10] Thus, the 1998 UPA is Nebraska's counterpart to RUPA. Sections 67-464 and 67-466 provide that after January 1, 2001, the 1998 UPA shall apply to any Nebraska partnership, including those formed before January 1, 1998. The original UPA provisions terminated on January 1, 2001. [11] Here, the relevant events occurred after the effective date of January 1, 2001, so the 1998 UPA unquestionably governs the parties' dispute although they formed their partnership in 1989. [12]