In this chapter, unless the context otherwise requires, (1) 'certificate of limited partnership' means the certificate referred to in AS 32.11.010 and the certificate as amended or restated; (2) 'commissioner' means the commissioner of commerce, community, and economic development; (3) 'contribution' means cash, property, services rendered, or a promissory note or other binding obligation to contribute cash or property or to perform services, that a partner contributes to a limited partnership as a partner; (4) 'department' means the Department of Commerce, Community, and Economic Development; (5) 'event of withdrawal of a general partner' means an event that causes a person to cease to be a general partner under AS 32.11.160; (6) 'foreign limited partnership' means a partnership formed under the laws of a state other than this state and having as partners one or more general partners and one or more limited partners; (7) 'general partner' means a person who has been admitted to a limited partnership as a general partner in accordance with the partnership agreement and named in the certificate of limited partnership as a general partner; (8) 'limited partner' means a person who imited partnership as a general partner in accordance with the partnership agreement and named in the certificate of limited partnership as a general partner; (8) 'limited partner' means a person who has been admitted to a limited partnership as a limited partner in accordance with the partnership agreement; (9) 'limited partnership' except when used in the phrases 'foreign limited partnership' and 'foreign limited liability limited partnership,' and 'domestic limited partnership' mean a partnership formed by two or more persons under this chapter, or that becomes subject to this chapter, and having one or more general partners and one or more limited partners; (10) 'partner' means a limited or general partner; (11) 'partnership agreement' means a valid agreement, written or oral, of the partners as to the affairs of a limited partnership and the conduct of its business; (12) 'partnership interest' means a partner's share of the profits and losses of a limited partnership and the right to receive distributions of partnership assets; (13) 'state' means a state, territory, or possession of the United States, District of Columbia, or Commonwealth of Puerto Rico.
Alaska Legal Code