North Carolina General Statutes 42-1. Lessor and lessee not partners
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In North Carolina General Statutes 42-1
- property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
No lessor of property, merely by reason that he is to receive as rent or compensation for its use a share of the proceeds or net profits of the business in which it is employed, or any other uncertain consideration, shall be held a partner of the lessee. (1868-9, c. 156, s. 3; Code, s. 1744; Rev., s. 1982; C.S., s. 2341.)