North Dakota Code 45-14-01 – (201) Partnership as entity
Current as of: 2023 | Check for updates
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1. A partnership is an entity distinct from the partnership‘s partners.
Terms Used In North Dakota Code 45-14-01
- 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: includes a limited liability partnership registered under chapter 45-22. See North Dakota Code 1-01-49
2. A limited liability partnership continues to be the same entity in existence before the filing of the registration under chapter 45-22.