| 词汇 | property of business partnership exemption |
| 释义 | `1`property of business partnership exemption `2` "Nolo Everybody's Legal Dictionary": Protects business partnership property. Virtually all states allow this exemption if the property has the following characteristics: *Each partner has a right to possess the property for partnership purposes, but has no right to possess it for any other purpose without consent of the partners. *At a partner's death, his share of the partnership property passes to the surviving partners. *The property isn't subject to state non-partnership property laws such as dower, curtesy, spouse's share or intestate succession. |
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