Alaska Statutes: AS 32.11.900. Definitions.

Alaska Statutes. Title 32. Partnership Chapter 11. Uniform Limited Partnership Act Section 900. Definitions.

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AS 32.11.900. Definitions.

In this chapter, unless the context otherwise requires,

(1) "certificate of limited partnership" means the certificate referred to in AS 32.11.010 and the certificate as amended or restated;
(2) "commissioner" means the commissioner of commerce, community, and economic development;
(3) "contribution" means cash, property, services rendered, or a promissory note or other binding obligation to contribute cash or property or to perform services, that a partner contributes to a limited partnership as a partner;
(4) "department" means the Department of Commerce, Community, and Economic Development;
(5) "event of withdrawal of a general partner" means an event that causes a person to cease to be a general partner under AS 32.11.160 ;
(6) "foreign limited partnership" means a partnership formed under the laws of a state other than this state and having as partners one or more general partners and one or more limited partners;
(7) "general partner" means a person who has been admitted to a limited partnership as a general partner in accordance with the partnership agreement and named in the certificate of limited partnership as a general partner;
(8) "limited partner" means a person who has been admitted to a limited partnership as a limited partner in accordance with the partnership agreement;
(9) "limited partnership" and "domestic limited partnership" mean a partnership formed by two or more persons under the laws of this state and having one or more general partners and one or more limited partners;
(10) "partner" means a limited or general partner;
(11) "partnership agreement" means a valid agreement, written or oral, of the partners as to the affairs of a limited partnership and the conduct of its business;
(12) "partnership interest" means a partner's share of the profits and losses of a limited partnership and the right to receive distributions of partnership assets;
(13) "state" means a state, territory, or possession of the United States, District of Columbia, or Commonwealth of Puerto Rico.

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