§ 10. Partnership defined. 1. A partnership is an association of two or more persons to carry on as co-owners a business for profit and includes for all purposes of the laws of this state, a registered limited liability partnership. 2. But any association formed under any other statute of this state, or any statute […]
§ 11. Rules for determining the existence of a partnership. In determining whether a partnership exists, these rules shall apply: 1. Except as provided by section twenty-seven persons who are not partners as to each other are not partners as to third persons. 2. Joint tenancy, tenancy in common, tenancy by the entireties, joint property, […]
§ 12. Partnership property. 1. All property originally brought into the partnership stock or subsequently acquired, by purchase or otherwise, on account of the partnership is partnership property. 2. Unless the contrary intention appears, property acquired with partnership funds is partnership property. 3. Any estate in real property may be acquired in the partnership name. […]
