partnership association

A business organization exclusively a creature of statute; a type of artificial person standing halfway between a limited partnership and a corporation. 40 Am J1st Partn § 518. An association in the form of a kind of partnership but departing from a general partnership characterized by unlimited liability of partners, all partners being special partners. 40 Am J1st Partn § 504. An association organized under laws making the capital subscribed alone responsible for the debts of the association; a corporation for the purposes of an ajudication in bankruptcy. 11 USC § 1(8); Bankruptcy Act § 1(8).

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • partnership association — Type of business association which resembles in part a partnership and a joint stock company. Its salient feature is the limited liability of the members and is seldom used today …   Black's law dictionary

  • Open Core Protocol International Partnership Association (OCP-IP) — Infobox Organization name = caption = type = Trade Organization headquarters = Beaverton, Oregon website = http://www.ocpip.org/The Open Core Protocol International Partnership Association, Inc. (OCP IP) is an independent, non profit… …   Wikipedia

  • Open Core Protocol International Partnership Association — OCP IP Type Trade Organization Headquarters Beaverton, Oregon Website http://www.ocpip.org/ The …   Wikipedia

  • association — The act of a number of persons in uniting together for some special purpose or business. It is a term of vague meaning used to indicate a collection or organization of persons who have joined together for a certain or common object. Also, the… …   Black's law dictionary

  • partnership — A business owned by two or more persons that is not organized as a corporation. A voluntary contract between two or more competent persons to place their money, effects, labor, and skill, or some or all of them, in lawful commerce or business,… …   Black's law dictionary

  • partnership — part·ner·ship n: an association of two or more persons or entities that conduct a business for profit as co owners see also uniform partnership act in the important laws section compare corporation, joint venture, sole pro …   Law dictionary

  • Partnership — • An unincorporated association of two or more persons, known as partners, having for its object the carrying on in common by the partners of some predetermined occupation for shared profit Catholic Encyclopedia. Kevin Knight. 2006. Partnership… …   Catholic encyclopedia

  • association — as·so·ci·a·tion n 1: a group of persons who share common interests or a common purpose and who are organized with varying degrees of formality compare corporation 2: the act of having contact or communication with or keeping company with another… …   Law dictionary

  • Association Najdeh — Zweck: Nichtregierungsorganisation Menschenrechtsorganisationen Vorsitz: Gründungsdatum: Gegründet 1976, registriert 1978 …   Deutsch Wikipedia

  • Association Najdeh — Contexte général Champs d’action Le développement économique et social, l enseignement, la défense des droits de l homme Zone d’influence Liban …   Wikipédia en Français

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.