MARVIN MANDEL, Governor

1917

SUBTITLE 1. DEFINITIONS; INTERPRETATION OF KNOWLEDGE AND
NOTICE.

9-101. DEFINITIONS.

(A)   IN GENERAL.

IN THIS TITLE THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

(B)   BANKRUPT.

"BANKRUPT" INCLUDES BANKRUPT UNDER THE FEDERAL
BANKRUPTCY ACT OR INSOLVENT UNDER ANY STATE INSOLVENCY
ACT.

(C)   BUSINESS.

"BUSINESS" INCLUDES EVERY TRADE, OCCUPATION, OR
PROFESSION.

(D)   CONVEYANCE.

"CONVEYANCE" INCLUDES EVERY ASSIGNMENT, LEASE,
MORTGAGE, OR ENCUMBRANCE.

(E)       DISSOLUTION.

"DISSOLUTION" MEANS THE CHANGE IN THE RELATION OF
THE PARTNERS CAUSED BY ANY PARTNER CEASING TO BE
ASSOCIATED IN THE CARRYING ON AS DISTINGUISHED FROM THE
WINDING UP OF THE BUSINESS.

(F)    PARTNERSHIP.

"PARTNERSHIP" MEANS AN ASSOCIATION OF TWO OR MORE
PERSONS TO CARRY ON AS CO-OWNERS A BUSINESS FOR PROFIT.
ANY ASSOCIATION FORMED UNDER ANY OTHER STATUTE OF THIS
STATE, OR ANY STATUTE ADOPTED BY AUTHORITY, OTHER THAN
THE AUTHORITY OF THIS STATE, IS NOT A PARTNERSHIP UNDER
THIS TITLE UNLESS THE ASSOCIATION WOULD HAVE BEEN A
PARTNERSHIP IN THIS STATE BEFORE JUNE 1, 1916; BUT THIS
TITLE SHALL APPLY TO LIMITED PARTNERSHIPS EXCEPT INSOFAR
AS THE STATUTES RELATING TO SUCH PARTNERSHIPS ARE
INCONSISTENT WITH THIS TITLE.

(G)   REAL PROPERTY.

"REAL PROPERTY" INCLUDES LAND AND ANY INTEREST OR
ESTATE IN LAND.

REVISOR'S NOTE: This section presently appears as
Art. 73A, §§ 2, 6, and 29 of the Code. The