§ 8311. Partnership defined.
(a) General rule.--A partnership is an association of two or more persons to carry on as co-owners a business for profit.
(b) Exceptions.--Any association formed under any statute of this Commonwealth except this chapter or corresponding provisions of prior law, or under any statute adopted by authority other than the authority of this Commonwealth, is not a partnership under this chapter unless the association would have been a partnership in this Commonwealth prior to March 26, 1915. This chapter shall apply to registered limited liability partnerships, limited partnerships, limited liability companies and electing partnerships, except insofar as the statutes relating to those associations are inconsistent with this chapter.
(Dec. 7, 1994, P.L.703, No.106, eff. 60 days)
1994 Amendment. Act 106 amended subsec. (b).
Cross References. Section 8311 is referred to in sections 102, 8301 of this title.
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