Legislation
SECTION 10
Partnership defined
Partnership (PTR) CHAPTER 39, ARTICLE 2
§ 10. Partnership defined. 1. A partnership is an association of two
or more persons to carry on as co-owners a business for profit and
includes for all purposes of the laws of this state, a registered
limited liability partnership.
2. But any association formed under any other statute of this state,
or any statute adopted by authority, other than the authority of this
state, is not a partnership under this chapter, unless such association
would have been a partnership in this state prior to the adoption of
this chapter; but this chapter shall apply to limited partnerships
except in so far as the statutes relating to such partnerships are
inconsistent herewith.
or more persons to carry on as co-owners a business for profit and
includes for all purposes of the laws of this state, a registered
limited liability partnership.
2. But any association formed under any other statute of this state,
or any statute adopted by authority, other than the authority of this
state, is not a partnership under this chapter, unless such association
would have been a partnership in this state prior to the adoption of
this chapter; but this chapter shall apply to limited partnerships
except in so far as the statutes relating to such partnerships are
inconsistent herewith.