2018 Missouri Revised Statutes
Title XXIII - Corporations, Associations and Partnerships
Chapter 358 - Uniform Partnership Law
Section 358.070 Rules for determining the existence of a partnership.
Effective 28 Aug 1949
Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS
Chapter 358358.070. Rules for determining the existence of a partnership. — In determining whether a partnership exists, these rules shall apply:
(1) Except as provided by section 358.160 persons who are not partners as to each other are not partners as to third persons;
(2) Joint tenancy, tenancy in common, tenancy by the entireties, joint property, common property, or part ownership does not of itself establish a partnership, whether such co-owners do or do not share any profits made by the use of the property;
(3) The sharing of gross returns does not of itself establish a partnership, whether or not the persons sharing them have a joint or common right or interest in any property from which the returns are derived;
(4) The receipt by a person of a share of the profits of a business is prima facie evidence that he is a partner in the business, but no such inference shall be drawn if such profits were received in payment:
(a) As a debt by installments or otherwise;
(b) As wages of an employee or rent to a landlord;
(c) As an annuity to a widow or representative of a deceased partner;
(d) As interest on a loan, though the amount of payment vary with the profits of the business;
(e) As the consideration for the sale of a goodwill of a business or other property by installments or otherwise.
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(L. 1949 p. 506 § 7)
CROSS REFERENCE:
Evidence of partnership, what constitutes, 490.520
