North Carolina § 59-36 Partnership defined

North Carolina Statutes

§ 59-36 — Partnership defined

North Carolina § 59-36

Ch. 59Partnership

Art. 2Uniform Partnership Act

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Bluebook

N.C. Gen. Stat. § 59-36 (2026).

Text

(a)A partnership is an association of two or more persons to carry on as co-owners a business for profit.

(b)But any association formed under any other statute of this State, or any statute adopted by authority, other than the authority of this State, is not a partnership under this Article, unless such association would have been a partnership in this State prior to the adoption of this Article; but this Article shall apply to limited partnerships except insofar as the statutes relating to such partnerships are inconsistent herewith. (1941, c. 374, s. 6.)

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(a) A partnership is an association of two or more persons to carry on as co-owners a business for profit.
(b) But any association formed under any other statute of this State, or any statute adopted by authority, other than the authority of this State, is not a partnership under this Article, unless such association would have been a partnership in this State prior to the adoption of this Article; but this Article shall apply to limited partnerships except insofar as the statutes relating to such partnerships are inconsistent herewith. (1941, c. 374, s. 6.)