Nebraska § 67-409 Partnership as entity; limited liability partnership; treatment

Nebraska Statutes

§ 67-409 — Partnership as entity; limited liability partnership; treatment

Nebraska § 67-409

Ch. 67Partnerships

This text of Nebraska § 67-409 (Partnership as entity; limited liability partnership; treatment) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 67-409 (2026).

Text

(1)A partnership is an entity distinct from its partners.

(2)A limited liability partnership is a syndicate for purposes of Article XII, section 8, of the Constitution of Nebraska, except that a registered limited liability partnership in which the partners are members of a family, or a trust created for the benefit of a member of that family, related to one another within the fourth degree of kindred according to the rules of civil law, or their spouses, at least one of whom is a person residing on or actively engaged in the day-to-day labor and management of the farm or ranch and none of whom are nonresident aliens, is not a syndicate for purposes of Article XII, section 8, of the Constitution of Nebraska. A limited liability partnership continues to be the same entity that existed bef

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(1) A partnership is an entity distinct from its partners.
(2) A limited liability partnership is a syndicate for purposes of Article XII, section 8, of the Constitution of Nebraska, except that a registered limited liability partnership in which the partners are members of a family, or a trust created for the benefit of a member of that family, related to one another within the fourth degree of kindred according to the rules of civil law, or their spouses, at least one of whom is a person residing on or actively engaged in the day-to-day labor and management of the farm or ranch and none of whom are nonresident aliens, is not a syndicate for purposes of Article XII, section 8, of the Constitution of Nebraska. A limited liability partnership continues to be the same entity that existed before the filing of a statement of qualification under section 67-454 .

Legislative History

Source: Laws 1997, LB 523, § 9. Note: Article XII, section 8, of the Constitution of Nebraska is unconstitutional as a violation of the dormant Commerce Clause, Jones v. Gale, 470 F.3d 1261 (8th Cir. 2006).