Rhode Island General Laws 9-2-10. Association defined

Current as of: 2024 | Check for updates | Other versions

Any unincorporated organization of persons, except a partnership, is deemed an association within the meaning of § 9-2-11 — § 9-2-15.

History of Section.
P.L. 1906, ch. 1348, § 1; G.L. 1909, ch. 300, § 30; G.L. 1923, ch. 350, § 30; G.L. 1938, ch. 530, § 1; G.L. 1956, § 9-2-10.

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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.