N.Y. Partnership Law 52 – Nature of partner's interest in the partnership
Current as of: 2024 | Check for updates
|
Other versions
§ 52. Nature of partner's interest in the partnership. A partner's interest in the partnership is his share of the profits and surplus and the same is personal property.
Terms Used In N.Y. Partnership Law 52
- 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.
- Personal property: All property that is not real property.