comex wrote: > 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.
I'm not sure which paragraph you mean. In any case, I agree with Goethe's first sentence, but disagree with the rest; this is a legitimate loophole and should be patched by legislation, not by hand-waving implicit pledges into existence.
