Part 2.
105 words·~1 min read·
/nc/chapter-59/2-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Part 2. Nature of a Partnership.
§ 59-36. Partnership defined.
(a)A partnership is an association of two or more persons to carry on as co-owners a business for profit.
(b)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 Article, unless such association would have been a partnership in this State prior to the adoption of this Article; but this Article shall apply to limited partnerships except insofar as the statutes relating to such partnerships are inconsistent herewith. (1941, c. 374, s. 6.)