• Current through October 23, 2012

For the purposes of this chapter, the term:

(1) "Business" includes every trade, occupation, and profession.

(2) "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.

(3) "Domestic partnership" means a partnership whose internal relations are governed by the laws of the District.

(4) "Foreign limited liability partnership" means a partnership that:

(A) Is formed under laws other than the laws of the District; and

(B) Has the status of a limited liability partnership under those laws.

(5) "Foreign partnership" means a partnership other than a domestic partnership.

(6) "Limited liability partnership" or "domestic limited liability partnership" means a partnership that has filed a statement of qualification under § 29- 610.01 and does not have a similar statement in effect in any other jurisdiction.

(7) "Partnership" means an association of 2 or more persons to carry on as co-owners a business for profit formed under § 29-602. 02, predecessor law, or comparable law of another jurisdiction.

(8) "Partnership agreement" means the agreement, whether written, oral, or implied, among the partners concerning the partnership, including amendments to the partnership agreement.

(9) "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.

(10) "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.

(11) "Statement" means a statement of partnership authority under § 29- 603.03, a statement of denial under § 29-603.04, a statement of dissociation under § 29-607.04, a statement of dissolution under § 29-608.05, a statement of merger under § 29-609.04, a statement of qualification under § 29-610.01, a foreign registration statement under § 29-105.03, or an amendment or cancellation of any of the foregoing.

(12) "Surviving partnership" means a domestic or foreign partnership into which one or more domestic or foreign partnerships are merged. A surviving partnership may preexist the merger or be created by the merger.

(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)


Prior Codifications

2001 Ed., § 33-101.01.

1981 Ed., § 41-151.1.

Legislative History of Laws

For history of Law 18-378, see notes under § 29-101.01.

Uniform Law

This section is based on § 101 of the Uniform Partnership Act (1997 Act). See Vol. 6, Part I , Uniform Laws Annotated, Master Edition or ULA Database on Westlaw.