56a-101. Definitions.
56a-101
56a-101. Definitions.In this act:
(a) "Business" includes every trade, occupation, andprofession.
(b) "Debtor in bankruptcy" means a person who is thesubject of:
(1) An order for relief under title 11 of the UnitedStates code or a comparable order under a successor statute ofgeneral application; or
(2) a comparable order under federal, state, orforeign law governing insolvency.
(c) "Distribution" means a transfer of money or otherproperty from a partnership to a partner in the partner's capacityas a partner or to the partner's transferee.
(d) "Foreign limited liability partnership" means a partnership that:
(1) Is formed under laws other than the laws of this state; and
(2) has the status of a limited liability partnership under those laws.
(e) "Limited liability partnership" means a partnership that has filed astatement of qualification underK.S.A. 56a-1001 and does not have asimilarstatement in effect in any other jurisdiction.
(f) "Partnership" means an association of two or morepersons to carry on as co-owners a business for profit formed underK.S.A. 56a-202, predecessor law, or comparable law of anotherjurisdiction.
(g) "Partnership agreement" means the agreement, whetherwritten, oral, or implied, among the partners concerning thepartnership, including amendments to the partnership agreement.
(h) "Partnership at will" means a partnership in whichthe partners have not agreed to remain partners until theexpiration of a definite term or the completion of a particularundertaking.
(i) "Partnership interest" or "partner's interest in thepartnership" means all of a partner's interests in the partnership,including the partner's transferable interest and all managementand other rights.
(j) "Person" means an individual, corporation, businesstrust, estate, trust, partnership, association, joint venture,government, governmental subdivision, agency, or instrumentality,or any other legal or commercial entity.
(k) "Property" means all property, real, personal, ormixed, tangible or intangible, or any interest therein.
(l) "State" means a state of the United States, theDistrict of Columbia, the commonwealth of Puerto Rico, or anyterritory or insular possession subject to the jurisdiction of theUnited States.
(m) "Statement" means a statement of partnershipauthority underK.S.A. 56a-303, a statement of denial under K.S.A. 56a-304, a statement of dissociation under K.S.A. 56a-704, a statement ofdissolution under K.S.A. 56a-805, a statement of merger under K.S.A.56a-907,a statement of qualification under K.S.A. 56a-1001, astatement of foreign qualification under K.S.A. 56a-1102or an amendment or cancellation of any of the foregoing.
(n) "Transfer" includes an assignment, conveyance,lease, mortgage, deed, and encumbrance.
History: L. 1998, ch. 93, § 1; Jan. 1, 1999.