N.H. Code Admin. R. Rev 302.02

Current through Register No. 25, June 20, 2024

Section Rev 302.02 - Partnerships

(a) Co-owners of property shall be considered partners in a business organization if they conduct business activity with the intent of dividing the profits.

(b) Co-owners of property which is maintained, kept in repair, rented or leased shall not, in and of itself, create a partnership.

N.H. Code Admin. R. Rev 302.02

#4192, eff 12-23-86; ss by #4438, eff 6-22-88; ss by #5490, eff 10-19-92; ss by #6853, eff 9-23-98; ss by #8709, eff 8-25-06

Amended byVolume XXXV Number 06, Filed February 12, 2015 , Proposed by #10758, Effective 1/16/2015, Expires1/16/2025.

Amended by Volume XXXVII Number 23, Filed June 8, 2017, Proposed by #12186, Effective 5/25/2017, Expires 5/25/2027.