Massachusetts General Laws ch. 108A sec. 29 – Dissolution and winding up; definition
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Section 29. The dissolution of a partnership is the change in the relation of the partners caused by any partner ceasing to be associated in the carrying on as distinguished from the winding up of the business.
Terms Used In Massachusetts General Laws ch. 108A sec. 29
- 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.