Nebraska Statutes

§ 67-402 — Terms, defined

Nebraska·Ch. 67 Partnerships

For purposes of the Uniform Partnership Act of 1998:

(1)Business includes every trade, occupation, and profession;
(2)Debtor in bankruptcy means a person who is the subject of:
(a)An order for relief under Title 11 of the 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 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 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 partnersh

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Related

Clemens v. Emme
316 Neb. 777 (Nebraska Supreme Court, 2024)
11 case citations

Legislative History

Source: Laws 1997, LB 523, § 2.

Nearby Sections

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