Virginia Code 50-73.89: Partnership property
Current as of: 2023 | Check for updates
|
Other versions
Property acquired by a partnership is property of the partnership and not of the partners individually.
Terms Used In Virginia Code 50-73.89
- 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.
1996, c. 292.