Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS Chapter 358 Effective - 28 Aug 1949 358.070. Rules for determining the existence of a partnership. — In determining whether a partnership exists, these rules shall apply: (1) Except as provided by section 358.160 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, common property, or part ownership does not of itself establish a partnership, whether such co-owners do or do not share any profits made by the use of the property; (3) The sharing of gross returns does not of itself establish a partnership, whether or not the persons sharing them have a joint or common right or interest in any property from which the returns are derived; (4) The receipt by a person of a share of the profits of a business is prima facie evidence that he is a partner in the business, but no such inference shall be drawn if such profits were received in payment: (a) As a debt by installments or otherwise; (b) As wages of an employee or rent to a landlord; (c) As an annuity to a widow or representative of a deceased partner; (d) As interest ceived in payment: (a) As a debt by installments or otherwise; (b) As wages of an employee or rent to a landlord; (c) As an annuity to a widow or representative of a deceased partner; (d) As interest on a loan, though the amount of payment vary with the profits of the business; (e) As the consideration for the sale of a goodwill of a business or other property by installments or otherwise. -------- (L. 1949 p. 506 § 7) CROSS REFERENCE: Evidence of partnership, what constitutes, 490.520
Missouri Legal Code