Nebraska Statutes 67-446. Terms, defined
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For purposes of sections 67-446 to 67-453 :
Terms Used In Nebraska Statutes 67-446
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- 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.
(1) General partner means a partner in a partnership and a general partner in a limited partnership;
(2) Limited partner means a limited partner in a limited partnership;
(3) Limited partnership means a limited partnership created under the Nebraska Uniform Limited Partnership Act, predecessor law, or comparable law of another jurisdiction; and
(4) Partner includes both a general partner and a limited partner.