Sec. 32.06.201. Partnership as entity.

(a) A partnership is an entity distinct from its partners. (b) A limited liability partnership continues to be the same entity that existed before the filing of a statement of qualification under AS 32.06.911.

Sec. 32.06.202. Formation of partnership.

(a) Except as otherwise provided in (b) of this section, the association of two or more persons to carry on as co-owners a business for profit forms a partnership, whether or not the persons intend to form a partnership. (b) An association formed under a statute other than this chapter, a predecessor statute, or a […]

Sec. 32.06.203. Partnership property.

Property acquired by a partnership is property of the partnership and not of the partners individually.

Sec. 32.06.204. When property is partnership property.

(a) Property is partnership property if acquired in the name of (1) the partnership; or (2) one or more partners with an indication in the instrument transferring title to the property of the person’s capacity as a partner or of the existence of a partnership but without an indication of the name of the partnership. […]