§ 59-36. Partnership defined. - North-carolina Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_59 > GS_59-36

Part 2.Nature of a Partnership.

§ 59‑36. Partnershipdefined.

(a) A partnership is anassociation of two or more persons to carry on as co‑owners a businessfor profit.

(b) But any associationformed under any other statute of this State, or any statute adopted byauthority, other than the authority of this State, is not a partnership underthis Article, unless such association would have been a partnership in thisState prior to the adoption of this Article; but this Article shall apply tolimited partnerships except insofar as the statutes relating to suchpartnerships are inconsistent herewith. (1941, c. 374, s. 6.)

State Codes and Statutes

Statutes > North-carolina > Chapter_59 > GS_59-36

Part 2.Nature of a Partnership.

§ 59‑36. Partnershipdefined.

(a) A partnership is anassociation of two or more persons to carry on as co‑owners a businessfor profit.

(b) But any associationformed under any other statute of this State, or any statute adopted byauthority, other than the authority of this State, is not a partnership underthis Article, unless such association would have been a partnership in thisState prior to the adoption of this Article; but this Article shall apply tolimited partnerships except insofar as the statutes relating to suchpartnerships are inconsistent herewith. (1941, c. 374, s. 6.)

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State Codes and Statutes

Statutes > North-carolina > Chapter_59 > GS_59-36

Part 2.Nature of a Partnership.

§ 59‑36. Partnershipdefined.

(a) A partnership is anassociation of two or more persons to carry on as co‑owners a businessfor profit.

(b) But any associationformed under any other statute of this State, or any statute adopted byauthority, other than the authority of this State, is not a partnership underthis Article, unless such association would have been a partnership in thisState prior to the adoption of this Article; but this Article shall apply tolimited partnerships except insofar as the statutes relating to suchpartnerships are inconsistent herewith. (1941, c. 374, s. 6.)