California Corporations Code 171.5 – “Limited partnership” means a partnership formed by two or more …
Current as of: 2024 | Check for updates
|
Other versions
“Limited partnership” means a partnership formed by two or more persons and having one or more general partners and one or more limited partners, or their equivalents under any name.
(Added by Stats. 1993, Ch. 543, Sec. 6. Effective January 1, 1994.)
Terms Used In California Corporations Code 171.5
- 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.