Acts and Regulations

P-4 - Partnership Act

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Definitions
46In this Part
“distribution” , in relation to partnership property, means a transfer of money or other partnership property by a partnership to a partner or an assignee of a partner’s share in the partnership, whether as a share of profits, return of contributions to capital, repayment of advances or otherwise;(distribution)
“extra-provincial limited liability partnership” means a partnership that is designated as an extra-provincial limited liability partnership under the Partnerships and Business Names Registration Act;(société à responsabilité limitée extraprovinciale)
“governing jurisdiction” , in relation to a partnership, means the jurisdiction whose law governs the interpretation of the partnership agreement by operation of law or through a provision in the partnership agreement or another document created by the partnership;(autorité législative compétente)
“New Brunswick limited liability partnership” means a partnership that is designated as a New Brunswick limited liability partner ship under the Partnerships and Business Names Registration Act;(société à responsabilité limitée du Nouveau-Brunswick)
“partnership obligation” means any debt, obligation or liability of a partnership, other than debts, obligations or liabilities of partners as between themselves or as between themselves and the partnership.(obligations de la société)
2003, c.13, s.2