Section 32.06.995. Definitions.

In this chapter, unless the context indicates otherwise,
        (1) "business" includes a trade, an occupation, or a profession;
        (2) "commissioner" means the commissioner of commerce, community, and economic development;
        (3) "debtor in bankruptcy" means a person who is the subject of
             (A) an order for relief under 11 U.S.C. (Bankruptcy Code) or a comparable order under a successor statute of general application; or
             (B) a comparable order under federal, state, or foreign law governing insolvency;
        (4) "department" means the Department of Commerce, Community, and Economic Development;
        (5) "distribution" means a transfer of money or other property from a partnership to a partner in the partner's capacity as a partner or to the partner's transferee;
        (6) "domestic partnership" means a partnership whose internal relations are governed by the laws of this state;
        (7) "foreign limited liability partnership" means a partnership that
             (A) is formed under laws other than the laws of this state; and
             (B) has the status of a limited liability partnership under those laws;
        (8) "foreign partnership" means a partnership other than a domestic partnership;
        (9) "limited liability partnership" or "domestic limited liability partnership" means a partnership that has filed a statement of qualification under AS 32.06.911 and does not have a similar statement in effect in another jurisdiction;
        (10) "partnership" means an association of two or more persons to carry on as co-owners a business for profit formed under AS 32.06.202, predecessor law, or a comparable law of another jurisdiction;
        (11) "partnership agreement" means the agreement, whether written, oral, or implied, among the partners concerning the partnership, including amendments to the partnership agreement;
        (12) "partnership at will" means a partnership in which the partners have not agreed to remain partners until the expiration of a definite term or the completion of a particular undertaking;
        (13) "partnership interest" or "partner's interest in the partnership" means all of a partner's interests in the partnership, including the partner's transferable interest and all management and other rights;
        (14) "person" means an individual, corporation, business trust, estate, trust, partnership, association, joint venture, government, governmental subdivision, agency, or instrumentality, or any other legal or commercial entity;
        (15) "property" means all property, including real, personal, mixed, tangible, or intangible property, or an interest in property;
        (16) "state" means a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, or a territory or insular possession subject to the jurisdiction of the United States;
        (17) "statement" means a statement of partnership authority under AS 32.06.303, a statement of denial under AS 32.06.304, a statement of dissociation under AS 32.06.704, a statement of dissolution under AS 32.06.805, a statement of merger under AS 32.06.907, a statement of qualification under AS 32.06.911, a statement of foreign qualification under AS 32.06.922, or an amendment or cancellation of any of the foregoing;
   (18) "surviving partnership" means a domestic or foreign partnership into which one or more domestic or foreign partnerships are merged, whether or not preexisting the merger or created by the merger;
        (19) "transfer" includes an assignment, conveyance, lease, mortgage, deed, and encumbrance.

Authorities

8.48.341

Notes

Recent Bills that will modify this

HB 122 CORPORATION/LLC/PARTNERSHIP REPORTS

References

AS 8.48.341 .341">Sec. 08.48.341. Definitions.

History

(Sec. 6 ch 115 SLA 2000; am Sec. 22, 23 ch 60 SLA 2013)