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appropriate as an expression of the increased emphasis on the | entity theory as the dominant model. But see Section 306 | (partners' liability joint and several unless the partnership has | filed a statement of qualification to become a limited liability | partnership). |
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| | Giving clear expression to the entity nature of a partnership | is intended to allay previous concerns stemming from the | aggregate theory, such as the necessity of a deed to convey title | from the "old" partnership to the "new" partnership every time | there is a change of cast among the partners. Under RUPA, there | is no "new" partnership just because of membership changes. That | will avoid the result in cases such as Fairway Development Co. v. | Title Insurance Co., 621 F. Supp. 120 (N.D. Ohio 1985), which | held that the "new" partnership resulting from a partner's death | did not have standing to enforce a title insurance policy issued | to the "old" partnership. |
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| | Subsection (b) makes clear that the explicit entity theory | provided by subsection (a) applies to a partnership both before | and after it files a statement of qualification to become a | limited liability partnership. Thus, just as there is no "new" | partnership resulting from membership changes, the filing of a | statement of qualification does not create a "new" partnership. | The filing partnership continues to be the same partnership | entity that existed before the filing. Similarly, the amendment | or cancellation of a statement of qualification under Section | 105(d) or the revocation of a statement of qualification under | Section 1003(c) does not terminate the partnership and create a | "new" partnership. See Section 1003(d). Accordingly, a | partnership remains the same entity regardless of a filing, | cancellation, or revocation of a statement of qualification. |
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| §1022.__Formation of partnership |
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| | 1.__Formation of partnership.__Except as otherwise provided in | subsection 2, the association of 2 or more persons to carry on as | co-owners a business for profit forms a partnership, whether or | not the persons intend to form a partnership. |
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| | 2.__Not partnership.__An association formed under a statute | other than this chapter, a predecessor statute or a comparable | statute of another jurisdiction is not a partnership under this | chapter. |
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| | 3.__Determination of formation; rules.__In determining whether | a partnership is formed, the following rules apply. |
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| A.__Joint tenancy, tenancy in common, tenancy by the entireties, | joint property, common property or part |
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