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| 2.__Debtor in bankruptcy.__"Debtor in bankruptcy" means a person | | who is the subject of: |
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| | | A.__An order for relief under 11 United States Code or a | | comparable order under a successor statute of general | | application; or |
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| | | B.__A comparable order under federal, state or foreign law | | governing insolvency. |
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| | | 3.__Distribution.__"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. |
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| | | 4.__Foreign limited liability partnership.__"Foreign limited | | liability partnership" means a partnership that: |
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| | | A.__Is formed under laws other than the laws of this State; | | and |
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| | | B.__Has the status of a limited liability partnership under | | those laws. |
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| | | 5.__Limited liability partnership.__"Limited liability | | partnership" means a partnership that has registered as a limited | | liability partnership pursuant to section 821 and does not have a | | similar statement in effect in any other jurisdiction. |
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| | | 6.__Partnership.__"Partnership" means an association of 2 or | | more persons to carry on as co-owners a business for profit | | formed under section 1022, predecessor law or comparable law of | | another jurisdiction. |
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| | | 7.__Partnership agreement.__"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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| | | 8.__Partnership at will.__"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. |
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| | | 9.__Partnership interest; partner's interest in partnership.__ | | "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. |
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