§ 25.12.060. Name of firm -- When special partner liable as general partner
The business of the partnership may be conducted under a name in which the names of the general partners only shall be inserted, without the addition of the word "company" or any other general term. If the name of any special partner is used in such firm with his consent or privity, he shall be deemed and treated as a general partner, or if he personally makes any contract respecting the concerns of the partnership with any person except the general partners, he shall be deemed and treated as a general partner in relation to such contract, unless he makes it appear that in making such contract he acted and was recognized as a special partner only.
[1955 c 15 § 25.12.060. Prior: 1869 p 381 § 6; RRS § 9971.]Sections: Previous 25.12.005 25.12.010 25.12.020 25.12.030 25.12.040 25.12.050 25.12.060 25.12.070 25.12.080 25.12.090 25.12.100 Next
Last modified: April 7, 2009