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Senate. Select Comm. on Partnership. Act relative to partnership, 1832
SEE ALSO 52319 Senate No. 21 On February 16, 1832, a committee of three submitted a new draft of An Act relative to partnership, 1832. Limited
partnerships could be formed by two or more persons, but not for the business of banking, insurance or manufacturing using steam or water power. General
partners would be liable for all expenses of the enterprise; special partners would only be liable for the amount they had put in. Special partners
had no standing to manage the affairs of the partnership. The act contained directions for the form of the partnership document filed with the local
Register of Deeds. Any partner guilty of fraud was liable for damages and also for criminal prosecution. No partnership could close without several
weeks notice. (Digitized from a microfilm copy of title originally held by the Massachusetts State Library).
Title:   The special committee, to whom was referred an act relating to partnerships, have attended to the duty as signed them, and report the same as taken into a new draft.
OCLC Number:   1391638161
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