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The Uniform Partnership Act (UPA) and the Revised Uniform Partnership Act (RUPA) are uniform acts - model statute's proposed by the National Conference of Commissioners on Uniform State Laws ("NCCUSL") for the governance of business partnerships by U.S. States. Several versions of each have been promulgated, the earliest having been put forth in 1914, and the most recent in 1997.

The 1914 version of the UPA was subsequently enacted into law in every state except Louisiana. The most recent revision has been enacted into law by more than 40 states.

Both the UPA and the RUPA attempt to cover every conceivable detail of the business partnership, including formation, the ownership of partnership assets, the assessment of fiduciary duties, the settlement of partnership disputes, and termination.

Source: This article in Wikipedia.

• The Uniform Partnership Act, hosted by the University of Pennsylvania Law School