Washington Code 25.10.301 – Becoming limited partner
Current as of: 2023 | Check for updates
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A person becomes a limited partner:
Terms Used In Washington Code 25.10.301
- 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: may be construed to include the United States, this state, or any state or territory, or any public or private corporation or limited liability company, as well as an individual. See Washington Code 1.16.080
(1) As provided in the partnership agreement;
(2) As the result of a conversion or merger under article 11 of this chapter; or
(3) With the consent of all the partners.
[ 2009 c 188 § 301.]