Illinois Compiled Statutes 240 ILCS 5/14 – If partnership or unincorporated association, the limitation of …
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Terms Used In Illinois Compiled Statutes 240 ILCS 5/14
- 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.
If partnership or unincorporated association, the limitation of liability of the affiant as a partner or member thereof shall be stated in the supplementary statement.