Connecticut General Statutes 34-398 – Applicability
(a) Before January 1, 2002, sections 34-300 to 34-399, inclusive, govern only a partnership formed:
Terms Used In Connecticut General Statutes 34-398
- 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.
(1) After July 1, 1997, unless that partnership is continuing the business of a dissolved partnership under § 34-79 of the general statutes, revision of 1958, revised to January 1, 1997; and
(2) Before July 1, 1997, that elects, as provided by subsection (c) of this section, to be governed by sections 34-300 to 34-399, inclusive.
(b) After January 1, 2002, sections 34-300 to 34-399, inclusive, govern all partnerships.
(c) Before January 1, 2002, a partnership voluntarily may elect, in the manner provided in its partnership agreement or by law for amending the partnership agreement, to be governed by sections 34-300 to 34-399, inclusive. The provisions of sections 34-300 to 34-399, inclusive, relating to the liability of the partnership’s partners to third parties apply to limit those partners’ liability to a third party who had done business with the partnership within one year preceding the partnership’s election to be governed by said sections, only if the third party knows or has received a notification of the partnership’s election to be governed by said sections.
(d) Before January 1, 2002, sections 34-39 to 34-81, inclusive, of the general statutes, revision of 1958, revised to January 1, 1997, govern a partnership not covered by subsection (a) or (c) of this section.