Montana Code 35-12-801. Becoming partner
Current as of: 2023 | Check for updates
|
Other versions
35-12-801. Becoming partner. A person becomes a general partner:
Terms Used In Montana Code 35-12-801
- 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.
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
(1)as provided in the partnership agreement;
(2)under 35-12-1201(1)(c)(ii) following the dissociation of a limited partnership’s last general partner;
(3)as the result of a conversion or merger under Title 35, chapter 12, part 15; or
(4)with the consent of all the partners.