§425-107 - Partnership subject to amendment or repeal of chapter.
§425-107 Partnership subject to amendmentor repeal of chapter. A partnership governed by this part is subject toany amendment to or repeal of this chapter. [L 1999, c 284, pt of §1]
Case Notes
Partnership did not exist as a matter of law where plaintiffand defendant did not have an agreement to share profits; a $1.5 millionrelease fee was interest on a loan and the loan commitment and accompanyingletter did not evince an intent by the parties to share profits inasmuch asthey lacked any language commonly utilized in partnership agreements, such as"partnership", "partner", "profits", and did notintimate any community of interest, or co-ownership, or sharing of profits,tending to show the relationship of partners. 111 H. 286, 141 P.3d 459.