Alaska Statutes 32.06.501 – Partner not co-owner of partnership property
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 32.06.501
- 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.
- property: includes real and personal property. See Alaska Statutes 01.10.060
A partner is not a co-owner of partnership property and does not have an interest in partnership property that can be transferred, either voluntarily or involuntarily.