| | | B.__Charged with an amount equal to the money plus the value | | of any other property, net of the amount of any liabilities, | | that is distributed by the partnership to the partner and | | the partner's share of the partnership losses. |
|
| | | 2.__Partnership profits and losses.__Each partner is entitled | | to an equal share of the partnership profits and is chargeable | | with a share of the partnership losses in proportion to the | | partner's share of the profits. |
|
| | | 3.__Reimbursement and indemnification.__A partnership shall | | reimburse a partner for payments__made and indemnify a partner | | for liabilities incurred by the partner in the ordinary course of | | the business of the partnership or for the preservation of its | | business or property. |
|
| | | 4.__Advance to partnership.__A partnership shall reimburse a | | partner for an advance to the partnership beyond the amount of | | capital the partner agreed to contribute. |
|
| | | 5.__Loan to partnership; interest.__A payment or advance made | | by a partner that gives rise to a partnership obligation under | | subsection 3 or 4 constitutes a loan to the partnership that | | accrues interest from the date of the payment or advance. |
|
| | | 6.__Management and conduct of business.__Each partner has | | equal rights in the management and conduct of the partnership | | business. |
|
| | | 7.__Use or possess partnership property.__A partner may use or | | possess partnership property only on behalf of the partnership. |
|
| | | 8.__Remuneration.__A partner is not entitled to remuneration | | for services performed for the partnership, except for reasonable | | compensation for services rendered in winding up the business of | | the partnership. |
|
| | | 9.__Consent of all partners required.__A person may become a | | partner only with the consent of all of the partners. |
|
| | | 10.__Decision by majority or unanimous.__A difference arising | | as to a matter in the ordinary course of business of a | | partnership may be decided by a majority of the partners.__An act | | outside the ordinary course of business of a partnership and an | | amendment to the partnership agreement may be undertaken only | | with the consent of all of the partners. |
|
|