New Hampshire Revised Statutes 304-A:24 – Extent of Property Rights of a Partner
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Terms Used In New Hampshire Revised Statutes 304-A:24
- 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.
The property rights of a partner are: his rights in specific partnership property; his interest in the partnership; and his right to participate in the management.