Does A Partner Have An Interest In Partnership Property That Can Be Transferred?

Under California's former general partnership law, a partner was a "coowner with the other partners of specific partnership property  holding as a tenant in partnership."  Former Cal. Corp. Code § 15025(1).  Whether this was actually the case was ...

In Some Cases, A Dissociated Partner May Remain Liable As A Partner

The anomalously named California Uniform Partnership Act of 1994 specifies when a partner in a general partnership "dissociates".  Cal. Corp. Code § 16601.  Upon dissociation, a general partner loses the right to participate in the management and...

Filing Statements Of Denial

The California Uniform Partnership Act of 1994 permits, but does not require, a general partnership to file a statement of partnership authority with the California Secretary of State's Office.   Cal. Corp. Code § 16303.  Among other things, the...

Light Is Both A Wave And Particle, But A Corporation And A Partnership Is A "Legal Impossibility"

In 1905, Albert Einstein proposed that light, which until then had been considered to exist as waves, must also be regarded as particles.  Later, Nobel Prize winner Louis-Victor-Pierre-Raymond, 7th duc de Broglie, found that electrons have wave and...

If A Corporation Can Be A Person, Why Not A Trust?
The California Supreme Court has written that a "trust is a fiduciary relationship with respect to property in which the person holding legal title to the property--the trustee--has an equitable obligation to manage the property for the benefit...
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