{"data":{"id":"us-ne/neb.-rev.-stat.-67-402","jurisdiction":"us-ne","citation":"Neb. Rev. Stat. § 67-402","heading":"Neb. Rev. Stat. § 67-402","body":"For purposes of the Uniform Partnership Act of 1998:\n\n(1) Business includes every trade, occupation, and profession;\n\n(2) Debtor in bankruptcy means a person who is the subject of:\n\n(a) An order for relief under Title 11 of the United States Code or a comparable order under a successor statute of general application; or\n\n(b) A comparable order under federal, state, or foreign law governing insolvency;\n\n(3) 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;\n\n(4) Foreign limited liability partnership means a partnership that:\n\n(a) Is formed under laws other than the laws of this state; and\n\n(b) Has the status of a limited liability partnership under those laws;\n\n(5) Limited liability partnership means a partnership that has filed a statement of qualification under section 67-454 and does not have a similar statement in effect in any other jurisdiction;\n\n(6) Partnership means an association of two or more persons to carry on as co-owners a business for profit formed under section 67-410 , predecessor law, or comparable law of another jurisdiction;\n\n(7) Partnership agreement means the agreement, whether written, oral, or implied, among the partners concerning the partnership, including amendments to the partnership agreement;\n\n(8) 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;\n\n(9) 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;\n\n(10) Person means an individual, corporation, limited liability company, business trust, estate, trust, partnership, association, joint venture, government, governmental subdivision, agency, or instrumentality, or any other legal or commercial entity;\n\n(11) Property means all property, real, personal, or mixed, tangible or intangible, or any interest therein;\n\n(12) State means a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, or any territory or insular possession subject to the jurisdiction of the United States;\n\n(13) Statement means a statement of partnership authority under section 67-415 , a statement of denial under section 67-416 , a statement of dissociation under section 67-437 , a statement of dissolution under section 67-443 , a statement of merger under section 67-452 , a statement of qualification under section 67-454 , a statement of foreign qualification under section 67-458 , or an amendment or cancellation of any of the foregoing; and\n\n(14) Transfer includes an assignment, conveyance, lease, mortgage, deed, and encumbrance.","path":["NE Code","Chapter 67"],"source_url":"https://nebraskalegislature.gov/laws/statutes.php?statute=67-402","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:21Z","sha256":"f47f957076b4f1938eec387adbd8d25026613205f058d9f6e343e9513c33c41a","source_id":"us-ne","stale":false,"prev":"us-ne/neb.-rev.-stat.-67-401","next":"us-ne/neb.-rev.-stat.-67-403"},"notice":"GroundRules: Original legal text. Not legal advice."}