ARTICLE 2. Nature of Partnership

Article 2 added by Stats. 1996, Ch. 1003, Sec. 2.

§§ 16201–16204 · 4 sections

• § 16201 A partnership is an entity distinct from its partners.
• § 16202 (a) Except as otherwise provided in subdivision (b), the association of two or more persons to carry on as coowners a business for profit forms a partnership,…
• § 16203 Property acquired by a partnership is property of the partnership and not of the partners individually.
• § 16204 (a) Property is partnership property if acquired in the name of either of the following: (1) The partnership. (2) One or more partners with an indication in…