Montana Code 70-1-312. Partnership interest defined
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70-1-312. Partnership interest defined. A partnership interest is one owned by several persons in partnership for partnership purposes.
Terms Used In Montana Code 70-1-312
- 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.
- Several: means two or more. See Montana Code 1-1-201