Title 45, Partnerships
25 chapters · 243 sections in this title.
N.D.C.C. § 45-14-01 (201) Partnership as entity
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1. A partnership is an entity distinct from the partnership's partners. 2. A limited liability partnership continues to be the same entity in existence before the filing of the registration under chapter 45-22.
N.D.C.C. § 45-14-02 (202) Formation of partnership
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1. Except as otherwise provided in subsection 2, the association of two or more persons to carry on as co-owners a business for profit forms a partnership, whether or not the persons intend to form a partnership. 2. An association formed under a statute other than chapters 45-13 …
N.D.C.C. § 45-14-03 (203) Partnership property
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Property acquired by a partnership is property of the partnership and not of the partners individually.
N.D.C.C. § 45-14-04 (204) When property is partnership property
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1. Property is partnership property if acquired in the name of: a. The partnership; or b. One or more partners with an indication in the instrument transferring title to the property of the person's capacity as a partner or of the existence of a partnership but without an indicat…