N.Y. Civil Practice Law and Rules 1025 – Partnerships and unincorporated associations
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§ 1025. Partnerships and unincorporated associations. Two or more persons conducting a business as a partnership may sue or be sued in the partnership name, and actions may be brought by or against the president or treasurer of an unincorporated association on behalf of the association in accordance with the provisions of the general associations law.
Terms Used In N.Y. Civil Practice Law and Rules 1025
- 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.