The Uniform Partnership Act of 1998 does not affect an action or proceeding commenced or right accrued before the act becomes operative.

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Terms Used In Nebraska Statutes 67-467

  • Action: shall include any proceeding in any court of this state. See Nebraska Statutes 49-801
  • 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.