Ch. 654

1997 LAWS OF MARYLAND

(B)     "BUSINESS" INCLUDES EVERY TRADE, OCCUPATION, AND PROFESSION.

(C)     "DEBTOR IN BANKRUPTCY" MEANS A PERSON WHO IS THE SUBJECT OF:

(1)      AN ORDER FOR RELIEF UNDER TITLE 11 OF THE UNITED STATES
CODE OR A COMPARABLE ORDER UNDER A SUCCESSOR STATUTE OF GENERAL
APPLICATION; OR

(2)      A COMPARABLE ORDER UNDER FEDERAL, STATE, OR FOREIGN LAW
GOVERNING INSOLVENCY.

(D)     "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.

(E)     "FOREIGN LIMITED LIABILITY PARTNERSHIP" MEANS A PARTNERSHIP
THAT IS FORMED IN ACCORDANCE WITH AN AGREEMENT GOVERNED BY THE LAWS
OF A STATE OTHER THAN THIS STATE AND REGISTERED OR DENOMINATED AS A
LIMITED LIABILITY PARTNERSHIP OR REGISTERED LIMITED LIABILITY
PARTNERSHIP UNDER THE LAWS OF SUCH OTHER STATE, BUT DOES NOT INCLUDE A
FOREIGN LIMITED PARTNERSHIP REGISTERED OR DENOMINATED AS A LIMITED
LIABILITY LIMITED PARTNERSHIP UNDER THE LAWS OF A STATE OTHER THAN THIS
STATE.

(F)      "FOREIGN LIMITED PARTNERSHIP" MEANS A PARTNERSHIP, INCLUDING A
FOREIGN LIMITED PARTNERSHIP REGISTERED OR DENOMINATED AS A LIMITED
LIABILITY PARTNERSHIP UNDER THE LAWS OF A STATE OTHER THAN THIS STATE,
FORMED UNDER THE LAWS OF ANY STATE OTHER THAN THIS STATE OR UNDER THE
LAWS OF A FOREIGN COUNTRY AND HAVING AS PARTNERS ONE OR MORE GENERAL
PARTNERS AND ONE OR MORE LIMITED PARTNERS.

(G)     "LIMITED LIABILITY PARTNERSHIP" MEANS A PARTNERSHIP THAT:

(1)      IS FORMED IN ACCORDANCE WITH THE LAWS OF THIS STATE; AND

(2)      IS REGISTERED UNDER § 9-1001 OF THIS ARTICLE.

(H) "LIMITED PARTNERSHIP" AND "DOMESTIC LIMITED PARTNERSHIP"
MEANS A LIMITED 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.

(I) "PARTNERSHIP" MEANS AN ASSOCIATION OF TWO OR MORE PERSONS TO
CARRY ON AS CO-OWNERS A BUSINESS FOR PROFIT FORMED UNDER § 9-202 OF THIS
TITLE, PREDECESSOR LAW, OR COMPARABLE LAW OF ANOTHER JURISDICTION AND
INCLUDES, FOR ALL PURPOSES OF THE LAWS OF THIS STATE, A LIMITED LIABILITY
PARTNERSHIP AND A FOREIGN LIMITED LIABILITY PARTNERSHIP.

(J) "PARTNERSHIP AGREEMENT" MEANS THE AGREEMENT, WHETHER
WRITTEN, ORAL, OR IMPLIED, AMONG THE PARTNERS CONCERNING THE
PARTNERSHIP, INCLUDING AMENDMENTS TO THE PARTNERSHIP AGREEMENT.

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