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2015 SESSION

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HB 2209 Partnerships; general formation.

Introduced by: Israel D. O'Quinn | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

General partnerships; formation. Provides that each person to be admitted as a partner to a general partnership may be admitted as a partner and may receive a partnership interest therein without making, or being required to make, a contribution to the partnership. The measure also provides that each person to be admitted as a partner to a partnership may be admitted as a partner without acquiring a transferable interest in the partnership. The measure does not affect provisions that prescribe a partner's liability for obligations of the partnership.


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