|
| 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 |
|
| B.__Has the status of a limited liability partnership under | those laws. |
|
| | 5.__Limited liability partnership.__"Limited liability | partnership" means a partnership that has registered as a limited | liability partnership pursuant to section 821 and does not have a | similar statement in effect in any other jurisdiction. |
|
| | 6.__Partnership.__"Partnership" means an association of 2 or | more persons to carry on as co-owners a business for profit | formed under section 1022, predecessor law or comparable law of | another jurisdiction. |
|
| | 7.__Partnership agreement.__"Partnership agreement" means the | agreement, whether written, oral or implied, among the partners | concerning the partnership, including amendments to the | partnership agreement. |
|
| | 8.__Partnership at will.__"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. |
|
| | 9.__Partnership interest; partner's interest in partnership.__ | "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. |
|
|