Massachusetts General Laws ch. 246 sec. 7 – Partnerships; service
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Section 7. If co-partners are summoned as trustees and the partnership is properly described in the trustee summons, service of the trustee summons upon one partner shall be sufficient.
Terms Used In Massachusetts General Laws ch. 246 sec. 7
- 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.
- Summons: Another word for subpoena used by the criminal justice system.
- Trustee: A person or institution holding and administering property in trust.