Illinois Compiled Statutes 805 ILCS 215/1401 – Repeal
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Terms Used In Illinois Compiled Statutes 805 ILCS 215/1401
- 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.
Effective January 1, 2008, the following Act is repealed: the Revised Uniform Limited Partnership Act as amended and in effect immediately before the effective date of this Act.