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appropriate as an expression of the increased emphasis on the | | entity theory as the dominant model. But see Section 306 | | (partners' liability joint and several unless the partnership has | | filed a statement of qualification to become a limited liability | | partnership). |
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| | | Giving clear expression to the entity nature of a partnership | | is intended to allay previous concerns stemming from the | | aggregate theory, such as the necessity of a deed to convey title | | from the "old" partnership to the "new" partnership every time | | there is a change of cast among the partners. Under RUPA, there | | is no "new" partnership just because of membership changes. That | | will avoid the result in cases such as Fairway Development Co. v. | | Title Insurance Co., 621 F. Supp. 120 (N.D. Ohio 1985), which | | held that the "new" partnership resulting from a partner's death | | did not have standing to enforce a title insurance policy issued | | to the "old" partnership. |
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| | | Subsection (b) makes clear that the explicit entity theory | | provided by subsection (a) applies to a partnership both before | | and after it files a statement of qualification to become a | | limited liability partnership. Thus, just as there is no "new" | | partnership resulting from membership changes, the filing of a | | statement of qualification does not create a "new" partnership. | | The filing partnership continues to be the same partnership | | entity that existed before the filing. Similarly, the amendment | | or cancellation of a statement of qualification under Section | | 105(d) or the revocation of a statement of qualification under | | Section 1003(c) does not terminate the partnership and create a | | "new" partnership. See Section 1003(d). Accordingly, a | | partnership remains the same entity regardless of a filing, | | cancellation, or revocation of a statement of qualification. |
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| | | §1022.__Formation of partnership |
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| | | 1.__Formation of partnership.__Except as otherwise provided in | | subsection 2, the association of 2 or more persons to carry on as | | co-owners a business for profit forms a partnership, whether or | | not the persons intend to form a partnership. |
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| | | 2.__Not partnership.__An association formed under a statute | | other than this chapter, a predecessor statute or a comparable | | statute of another jurisdiction is not a partnership under this | | chapter. |
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| | | 3.__Determination of formation; rules.__In determining whether | | a partnership is formed, the following rules apply. |
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| | | A.__Joint tenancy, tenancy in common, tenancy by the entireties, | | joint property, common property or part |
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