Definitions

Definitions. In this Chapter: (a) “Corporation” means a corporation under Division 4, Title 4 CMC § 4291(e) of the Commonwealth Code, a predecessor law, or comparable law of another jurisdiction. (b) “General partner” means a partner in a partnership and a general partner in a limited partnership. (c) “Limited partner” means a limited partner in a limited partnership. (d) “Limited partnership” means a limited partnership created under Commonwealth law, a predecessor law, or comparable law of another jurisdiction. (e) “Partner” includes a general partner and a limited partner. (f) “Partnership” means a general partnership under Commonwealth law, a predecessor law, or comparable law of another jurisdiction. (g) “Partnership agreement” means an agreement among the partners concerning the partnership or limited partnership. (h) “Shareholder” means a shareholder in a corporation. Source: PL 14-11, § 2 (901), modified. Commission Comment: See the comment to 4 CMC § 4801 regarding PL 14-11.