Alaska Statutes 32.06.985 – Partnership subject to amendment or repeal of chapter
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Terms Used In Alaska Statutes 32.06.985
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- 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.
A partnership governed by this chapter is subject to an amendment or repeal of this chapter.