Vermont Statutes Title 11 Sec. 3265
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Terms Used In Vermont Statutes Title 11 Sec. 3265
- Business: includes every trade, occupation, and profession. See
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- 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: means an association of two or more persons to carry on as co-owners a business for profit formed under section 3212 of this title, predecessor law, or comparable law of another jurisdiction and includes for all purposes of the laws of this State a limited liability partnership. See
§ 3265. Continued use of partnership name
Continued use of a partnership name, or a dissociated partner’s name as part thereof, by partners continuing the business does not of itself make the dissociated partner liable for an obligation of the partners or the partnership continuing the business. (Added 1997, No. 149 (Adj. Sess.), § 1, eff. Jan. 1, 1999.)