comex wrote: >> 4977 D 1.1 BobTHJ Formalize Partnerships >FOR (does well without excess verbiage)
I think it does really badly by not saying enough on many issues, and badly again by saying too much on the issues it does cover. The corporate-style model of identity that it legislates brings problems that require much more legislation to cope with. At the same time, by poorly legislating aspects of the existence of non-natural legal persons that are currently handled by judicial interpretation, it threatens to break the concept of legal personhood. Example: if an agreement that creates a partnership is amended so that it no longer defines a partnership, under the current system the partnership ceases to exist. Under "Formalize Partnerships", it appears that the partnership continues to exist indefinitely, despite being undefined. -zefram
