Alaska Statutes 32.11.170 – General powers and liabilities
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 32.11.170
- general partner: means a person who has been admitted to a limited partnership as a general partner in accordance with the partnership agreement and named in the certificate of limited partnership as a general partner. See Alaska Statutes 32.11.900
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- partner: means a limited or general partner. See Alaska Statutes 32.11.900
- 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 agreement: means a valid agreement, written or oral, of the partners as to the affairs of a limited partnership and the conduct of its business. See Alaska Statutes 32.11.900