Idaho Code 30-24-111 – Powers
Current as of: 2023 | Check for updates
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Terms Used In Idaho Code 30-24-111
- 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 limited partnership has the capacity to sue and be sued in its own name and the power to do all things necessary or convenient to carry on its activities and affairs.