Montana Code 35-12-701. Becoming limited partner
Current as of: 2023 | Check for updates
|
Other versions
35-12-701. Becoming limited partner. A person becomes a limited partner:
Terms Used In Montana Code 35-12-701
- 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.
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
(1)as provided in the partnership agreement;
(2)as the result of a conversion or merger under Title 35, chapter 12, part 15; or
(3)with the consent of all the partners.