North Dakota § 45-12-02 Provisions for other existing partnerships

North Dakota Statutes

§ 45-12-02 — Provisions for other existing partnerships

North Dakota § 45-12-02

Title 45Partnerships

Ch. 45-12Application of Law

This text of North Dakota § 45-12-02 (Provisions for other existing partnerships) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 45-12-02 (2026).

Text

1.Except for a general partnership governed by subsection 2, a general partnership formed under any statute of this state prior to July 1, 1959, including the general partners of a special or limited partnership formed prior to July 1, 1959, are governed by the provisions of chapters 45-05 through 45-12, until January 1, 1997, from and after July 1, 1959. After December 31, 1996, all partnerships are governed as provided in subsection 3.

2.Before January 1, 1997, chapters 45-13 through 45-21 govern only a partnership formed:

a.After January 1, 1996, unless that partnership is continuing the business of a dissolved partnership under section 45-09-13; and

b.Before January 1, 1996, that elects, as provided by subsection 4, to be governed by chapters 45-13 through 45-21.

3.After December

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1. Except for a general partnership governed by subsection 2, a general partnership
formed under any statute of this state prior to July 1, 1959, including the general
partners of a special or limited partnership formed prior to July 1, 1959, are governed
by the provisions of chapters 45-05 through 45-12, until January 1, 1997, from and
after July 1, 1959. After December 31, 1996, all partnerships are governed as provided
in subsection 3.
2. Before January 1, 1997, chapters 45-13 through 45-21 govern only a partnership
formed:
a. After January 1, 1996, unless that partnership is continuing the business of a
dissolved partnership under section 45-09-13; and
b. Before January 1, 1996, that elects, as provided by subsection 4, to be governed
by chapters 45-13 through 45-21.
3. After December 31, 1996, chapters 45-13 through 45-21 govern all partnerships.
4. Before January 1, 1997, a partnership voluntarily may elect, in the manner provided in
its partnership agreement or by law for amending the partnership agreement, to be
governed by chapters 45-13 through 45-21. Provisions of chapters 45-13 through
45-21 relating to the liability of the partnership's partners to third parties apply to limit
those partners' liability to a third party who had done business with the partnership
within one year preceding the partnership's election to be governed by chapters 45-13
through 45-21, only if the third party knows or has received a notification of the
partnership's election to be governed by chapters 45-13 through 45-21.