Partner of a partnership definition

Partner of a partnership means for purposes of 85A O.S. §36 any partner of a partnership or any member of a Limited Liability Company that is treated as a partnership for federal income tax purposes.
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Examples of Partner of a partnership in a sentence

  • The Letter of Submittal and the Certifications and Assurances form must be signed and dated by a person authorized to legally bind the Respondent to a contractual relationship, e.g., the President or Executive Director of a corporation, the Managing Partner of a partnership, or the Proprietor of a sole proprietorship.

  • Unfortunately, local building ordinances required her to bring the entire wiring and service up to current code.

  • No person serving in the management of iconectiv and directly involved in LNPA services shall serve (i) in the management, (ii) as a member of the Board of Directors, (iii) as a Managing Member of an LLC, or (iv) as a General Partner of a partnership of any TSP without obtaining prior approval from the Federal Communications Commission or recusing himself or herself from all LNPA associated activities.

  • I/We agree and consent to Moneytech obtaining personal credit information in accordance with the Privacy Act of 1988 (Cwlth) where the Applicant is a Sole Trader or Partnership, or is a Director of a company or a Partner of a partnership that has applied and/or has give n a guarantee.

  • A General Partner of a partnership generally has unlimited liability for the obligations of the partnership, except for those contractual obligations of the partnership that are expressly made without recourse to the General Partner.

  • In order for a General Partner of a partnership or a Managing Member of a LLC to be excluded from coverage, each General Partner and each Managing Member must sign a new Waiver Form attesting to his/her eligibility to be excluded, under penalty of perjury.

  • Name of the Proprietor/ *Managing Partner/ Karta of HUF/Authorized person of a **Company/Society/***Association of Persons *(dulyauthorized)(ii)Father’s/Husband’s Name(iii)Whether applying (tick mark)a) In Individual capacityb) As Partner of a partnership firmc) Karta of HUFd) on behalf of Company/ Association of persons(iv)Postal Address(v)Age(vi)Telephone No(vii)PAN Number and Aadhaar Card(Attested copy attached herewith)(viii)Detail of properties (Proof in the form of copies of Registered Deed/Fard etc.

  • The Certifications and Assurances form must be signed and dated by a person authorized to legally bind the Respondent to a contractual relationship, e.g. the President or Executive Director of a corporation, the Managing Partner of a partnership, or the Proprietor of a sole proprietorship.

  • Sole proprietor of registered business Partner of a partnership business (normal partnership, limited liability partnership, limited partnership) Person exercising profession or vocation Know Your Tax Obligations Comply with Income Tax Laws Report a complete Keep proper & accurate set of business income records & accounts for at least 5 years Submit Form B/ P on time Register for GST if your business revenue: • exceeded $1 million a year, or • is expected to exceed $1 million a year.

  • It is clear that only the holder of the account on which the cheque is drawn can be made liable and such culpability cannot be extended to others except as provided under Section 141 N.I. Act which deals with offences by and on behalf of the company or partnership, where the signatory to the cheque may be a Director of the company or a Partner of a partnership firm.

Related to Partner of a partnership

  • General Partner Loan shall have the meaning set forth in Section 4.3.B.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled, as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Units (other than GP Units).

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • Limited Partner means, prior to the admission of the first Additional Limited Partner to the Partnership, the Initial Limited Partner, and thereafter any Person named as a Limited Partner in Exhibit A, as such Exhibit may be amended from time to time, upon the execution and delivery by such Person of an additional limited partner signature page, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity as a Limited Partner of the Partnership.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • General Partner Interest means the ownership interest of the General Partner in the Partnership (in its capacity as a general partner) and includes any and all benefits to which the General Partner is entitled as provided in this Agreement, together with all obligations of the General Partner to comply with the terms and provisions of this Agreement.

  • Substituted Limited Partner means a Person who is admitted as a Limited Partner to the Partnership pursuant to Section 11.4.

  • General Partner has the meaning set forth in the Preamble.

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.

  • Limited Partners means all such Persons.

  • Investor Limited Partner means any Limited Partner so designated at the time of its admission as a partner of the Partnership.

  • Limited Partnership Agreement means the Second Amended and Restated Agreement of Limited Partnership of the Partnership dated as of March 9, 2004, as amended from time to time.

  • Substitute Limited Partner means any Person admitted to the Partnership as a Limited Partner pursuant to Section 9.03 hereof.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Partner Group means any legal entity that has direct or indirect Control over the Partner and only as long as that legal entity maintains direct or indirect Control (“Parent Companies”) as well as all Associated Companies of the Parent Companies.

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • Initial Limited Partner has the meaning set forth in the Preamble.

  • Surviving Partnership has the meaning set forth in Section 11.2.B(ii) hereof.

  • Special Member means, upon such person's admission to the Company as a member of the Company pursuant to Section 5(c), a person acting as Independent Director, in such person's capacity as a member of the Company. A Special Member shall only have the rights and duties expressly set forth in this Agreement.

  • Special Limited Partner Interest means the interest of the Special Limited Partner in the Partnership representing its right as the holder of an interest in distributions described in Sections 5.1(b)(iii)(A), (c), (d) and (e) (and any corresponding allocations of income, gain, loss and deduction under this Agreement).

  • de facto partner means a person who lives with the employee as husband, wife or same sex partner on a genuine domestic basis, although not legally married to the employee;

  • Substitute Member means a Person who is admitted as a Member of the Company pursuant to Section 2.7 as a result of a Transfer of Shares to such Person.

  • Former Partner means (i) with respect to a Partner that is a trust, a Partner that has ceased to be a Qualified Trust, and has become a Former Partner, pursuant to the terms of Section 1.78; (ii) with respect to a Partner that is an Entity, a Partner that has ceased to be a Qualified Entity, and has become a Former Partner, pursuant to the terms of Section 1.18; (iii) a Partner that has become a Bankrupt Partner and a Former Partner, pursuant to the terms of Section 1.7; (iv) a Partner that has become a Pledgor Partner and a Former Partner, pursuant to the terms of Section 1.74; and (v) a Partner that ceases to be a Participating Stockholder with respect to the Class B Shares of each Company in which the Partnership owns Class B Shares.

  • Initial Limited Partners means the Organizational Limited Partner (with respect to the Common Units and Subordinated Units received by it as described in Section 5.1), the General Partner (with respect to the Incentive Distribution Rights received by it as described in Section 5.1) and the Underwriters, in each case upon being admitted to the Partnership in accordance with Section 10.1.

  • General Partners means all such Persons.

  • Class B Limited Partner means any Person executing (by power of attorney or otherwise) this Agreement as of the date hereof as a Class B Limited Partner or hereafter admitted to the Partnership as a Class B Limited Partner as herein provided, but shall not include any Person who has ceased to be a Class B Limited Partner in the Partnership.