Alaska § 32.11.900 - Definitions.

§ 32.11.900. Definitions.

In this chapter, unless the context otherwise requires,        (1) “certificate of limited partnership” means the certificate referred to in AS 32.11.010 and the certificate as amended or restated;

 (2) “commissioner” means the commissioner of commerce, community, and economic development;

 (3) “contribution” means cash, property, services rendered, or a promissory note or other binding obligation to contribute cash or property or to perform services, that a partner contributes to a limited partnership as a partner;

 (4) “department” means the Department of Commerce, Community, and Economic Development;

 (5) “event of withdrawal of a general partner” means an event that causes a person to cease to be a general partner under AS 32.11.160 ;

 (6) “foreign limited partnership” means a partnership formed under the laws of a state other than this state and having as partners one or more general partners and one or more limited partners;

 (7) “general partner” means a person who has been admitted to a limited partnership as a general partner in accordance with the partnership agreement and named in the certificate of limited partnership as a general partner;

 (8) “limited partner” means a person who has been admitted to a limited partnership as a limited partner in accordance with the partnership agreement;

 (9) “limited partnership” except when used in the phrases “foreign limited partnership” and “foreign limited liability limited partnership,” and “domestic limited partnership” mean a partnership formed by two or more persons under this chapter, or that becomes subject to this chapter, and having one or more general partners and one or more limited partners;

 (10) “partner” means a limited or general partner;

 (11) “partnership agreement” means a valid agreement, written or oral, of the partners as to the affairs of a limited partnership and the conduct of its business;

 (12) “partnership interest” means a partner's share of the profits and losses of a limited partnership and the right to receive distributions of partnership assets;

 (13) “state” means a state, territory, or possession of the United States, District of Columbia, or Commonwealth of Puerto Rico.