As Amended
SEC. 79-12-11. "Partnership" defined.
A partnership is an association of two (2) or more persons to carry on as co-owners a business for profit and includes limited liability partnerships and foreign limited liability partnerships.
But any association formed under any other statute of this state, or any statute adopted by authority, other than the authority of this state, is not a partnership under this chapter, unless such association would have been a partnership in this state prior to the adoption of this chapter; but this chapter shall apply to limited partnerships except insofar as the statutes relating to such partnerships are inconsistent herewith.
SOURCES: Laws, 1976, ch. 407, Sec. 6; 1995, ch. 353 Sec. 2, eff from and after July 1, 1995