Nebraska Statutes 67-408. Partnership subject to amendment or repeal of act
Current as of: 2024 | Check for updates
|
Other versions
A partnership governed by the Uniform Partnership Act of 1998 is subject to any amendment to or repeal of the act.
Terms Used In Nebraska Statutes 67-408
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- 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.