Alaska Statutes 04.21.035 – Responsibility of partners of a limited liability partnership or foreign limited liability partnership
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 04.21.035
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
Notwithstanding any other provision of Alaska Stat. Chapter 32.06, a partner of a limited liability partnership or a foreign limited liability partnership holding a license under this title is not relieved of the obligation or the liability otherwise imposed upon a holder of a liquor license under this title solely because the license is held by a limited liability partnership or a foreign limited liability partnership.