partnership association

partnership association. A business organization that combines the features of a limited partnership and a close corporation. • Partnership associations are statutorily recognized in only a few states. — Also termed statutory partnership association; limited partnership association. [Cases: Partnership 349–376. C.J.S. Partnership §§ 402–441.]

---

词条贡献者

双语律师Terence，国际知名法学院法律专业，擅长翻译各类与油气、资源与采矿业相关的法律文件。