Virginia Code 50-73.105: Partner not co-owner of partnership property.
Current as of: 2024 | Check for updates
|
Other versions
A partner is not a co-owner of partnership property and has no interest in partnership property which can be transferred, either voluntarily or involuntarily.
Terms Used In Virginia Code 50-73.105
- 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.
1996, c. 292.