On Mon, Aug 11, 2008 at 2:58 PM, Kerim Aydin <[EMAIL PROTECTED]> wrote: >> (b) definition of equity -- "equity" for partnerships needs to be defined to >> explicitly include this rule-imposed requirement on the contract. >> One approach might be to imagine that such equity cases really concern an >> imaginary pledge of the like >> "Members of the partnership SHALL ensure that the partnership devolves its >> obligations onto its parties." [Except we really need a better definition of >> "devolve" here and there is a huge issue of party-changing scams.] > > This may be in there already, if we take the view that a claim to be a > partnership means making a claim to be treated as if such a statement exists > that can be defined by equity.
... What? I've read this paragraph about 5 times but I can't figure out what it means.
