LD 1609
pg. 7
Page 6 of 148 An Act To Establish the Uniform Partnership Act Page 8 of 148
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LR 1469
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Trust Advisor); Sanford J. Liebschutz of Rochester, New York (ABA
Section of Real Property, Probate and Trust Advisor and American
College of Real Estate Lawyers Advisor); Robert A. Creamer of
Chicago, Illinois (Attorneys' Liability Assurance Society, Inc.);
R. Michael Duffy of Washington, D.C. (The Accountant's Coalition);
Professor Philip Hablutzel of Chicago, Illinois (Illinois Secretary
of State's Corporation Law Advisory Committee; Robert R. Keatinge
of Denver, Colorado (ABA Business Law Section); Mark Lubin of San
Francisco, California (California Bar Association); Professor
Sandra Miller of Chester, Pennsylvania; and William R. Stein of
Washington, D.C. (The Accountant's Coalition); and Ronald H.
Wilcomes of Paramus, New Jersey (American College of Real Estate
Lawyers).

 
CHAPTER 17

 
UNIFORM PARTNERSHIP ACT

 
SUBCHAPTER 1

 
GENERAL PROVISIONS

 
§1001.__Definitions

 
As used in this chapter, unless the context otherwise
indicates, the following terms have the following meanings.

 
1.__Business.__"Business" includes every trade, occupation and
profession.

 
2.__Debtor in bankruptcy.__"Debtor in bankruptcy" means a
person who is the subject of:

 
A.__An order for relief under 11 United States Code or a
comparable order under a successor statute of general
application; or

 
B.__A comparable order under federal, state or foreign law
governing insolvency.

 
3.__Distribution.__"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.

 
4.__Foreign limited liability partnership.__"Foreign limited
liability partnership" means a partnership that:

 
A.__Is formed under laws other than the laws of this State;
and

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