North Dakota Code 47-02-07 – Partnership interest defined
Current as of: 2023 | Check for updates
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A partnership interest is one owned by several persons in partnership for partnership purposes.
Terms Used In North Dakota Code 47-02-07
- 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.
- Partnership: includes a limited liability partnership registered under chapter 45-22. See North Dakota Code 1-01-49