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Code · Massachusetts · Part I — ADMINISTRATION OF THE GOVERNMENT · Title XV — REGULATION OF TRADE · Chapter 108A

Section 6: Partnership, defined; application to prior associations; limited partnerships

111 words·~1 min read·/ma/part-i/title-xv/chapter-108a/6

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Section 6.
(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 the commonwealth, a registered limited liability partnership.
(2)But any association formed under any other statute of this state, or any statute adopted by authority, other than the authority of this state, is not a partnership under this chapter, unless such association would have been a partnership in this state prior to January first, nineteen hundred and twenty-three; but this chapter shall apply to limited partnerships except in so far as the statutes relating to such partnerships are inconsistent herewith.
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