§ 48-7a-101

48-7A-101. Definitions.In this chapter:(1)'Business' includes every trade, occupation, and profession;(2)'Debtor in bankruptcy' means a person who is the subject of:(i)An order for relief under Title 11 of the United States Code or a comparable order under a successor statute of general application; or(ii)A comparable order under federal, state, or foreign law governing insolvency;(3)'Distribution' means a transfer of money or other property from a partnership to a partner in the partner's capacity as a partner or to the partner's transferee;(4)'Foreign limited liability partnership' means a partnership that:(i)Is formed under laws other than the laws of this state; and(ii)Has the status of a limited liability partnership under those laws;(5)'Limited liability partnership' means a partnership that has filed a statement of qualification under §48-7A-1001 and does not have a similar statement in effect in any other jurisdiction;(6)'Partnership' means an association of two or more persons to carry on as co-owners a business for profit formed under §48-7A-202, predecessor law, or comparable law of another jurisdiction;(7)'Partnership agreement' means the agreement, whether written,

ons to carry on as co-owners a business for profit formed under §48-7A-202, predecessor law, or comparable law of another jurisdiction;(7)'Partnership agreement' means the agreement, whether written, oral, or implied, among the partners concerning the partnership, including amendments to the partnership agreement;(8)'Partnership at will' means a partnership in which the partners have not agreed to remain partners until the expiration of a definite term or the completion of a particular undertaking;(9)'Partnership interest' or 'partner's interest in the partnership' means all of a partner's interests in the partnership, including the partner's transferable interest and all management and other rights;(10)'Person' means an individual, corporation, business trust, estate, trust, partnership, association, joint venture, government, governmental subdivision, agency, or instrumentality, or any other legal or commercial entity;(11)'Property' means all property, real, personal, or mixed, tangible or intangible, or any interest therein;(12)'State' means a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, or any territory or insular possession subject to

ble or intangible, or any interest therein;(12)'State' means a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, or any territory or insular possession subject to the jurisdiction of the United States;(13)'Statement' means a statement of partnership authority under §48-7A-303, a statement of denial under §48-7A-304, a statement of dissociation under §48-7A-704, a statement of dissolution under §48-7A-805, a statement of merger under §48-7A-907, a statement of qualification under §48-7A-1001, a statement of foreign qualification under §48-7A-1102, or an amendment or cancellation of any of the foregoing;(14)'Transfer' includes an assignment, conveyance, lease, mortgage, deed, and encumbrance. Source: SL 2001, ch 249, §101.