Miss. Code Ann. § 79-13-101 (2026)

In this chapter:

• (1) "Business" includes every trade, occupation, and profession.

• (2) "Debtor in bankruptcy" means a person who is the subject of:
  • (i) An order for relief under Title 11 of the United States Code or a comparable order under a successor statute of general application; or
  • (ii) A comparable order under federal, state, or foreign law governing insolvency.

• (3) "Distribution" means a transfer of money or other property from a partnership to a partner in the partner's capacity as a partner or to the partner's transferee.

• (4) "Domestic partnership" means a partnership whose internal relations are governed by the laws of this state.

• (5) "Foreign limited liability partnership" means a partnership that:
  • (i) Is formed under laws other than the laws of this state; and
  • (ii) Has the status of a limited liability partnership under those laws.

• (6) "Foreign partnership" means a partnership other than a domestic partnership.

• (7) "Limited liability partnership" or "domestic limited liability partnership" means a partnership that has filed a statement of qualification under Section 79-13-1001 and does not have a similar statement in effect in any other jurisdiction.

• (8) "Partnership" means an association of two (2) or more persons to carry on as co-owners a business for profit formed under Section 79-13-202, predecessor law, or comparable law of another jurisdiction.

• (9) "Partnership agreement" means the agreement, whether written, oral, or implied, among the partners concerning the partnership, including amendments to the partnership agreement.

• (10) "Partnership at will" means a partnership in which the partners have not agreed to remain partners until the expiration of a definite term or the completion of a particular undertaking.

• (11) "Partnership interest" or "partner's interest in the partnership" means all of a partner's interests in the partnership, including the partner's transferable interest and all management and other rights.

• (12) "Person" means an individual, corporation, business trust, estate, trust, partnership, association, joint venture, government, governmental subdivision, agency, or instrumentality, or any other legal or commercial entity.

• (13) "Property" means all property, real, personal, or mixed, tangible or intangible, or any interest therein.

• (14) "State" means a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, or any territory or insular possession subject to the jurisdiction of the United States.

• (15) "Statement" means a statement of partnership authority under Section 79-13-303, a statement of denial under Section 79-13-304, a statement of dissociation under Section 79-13-704, a statement of dissolution under Section 79-13-805, a statement of merger under Section 79-13-907, a statement of qualification under Section 79-13-1001, a statement of foreign qualification under Section 79-13-1102, or an amendment or cancellation of any of the foregoing.

• (16) "Surviving partnership" means a domestic or foreign partnership into which one or more domestic or foreign partnerships are merged. A surviving partnership may preexist the merger or be created by the merger.

• (17) "Transfer" includes an assignment, conveyance, lease, mortgage, deed, and encumbrance.

Laws, 2004, ch. 458, § 101, eff. 1/1/2005.

Amended by Laws, 2014, ch. 399, SB 2322, 37, eff. 1/1/2015.