There is a newer version of the North Carolina General Statutes
2014 North Carolina General Statutes
Chapter 42 - Landlord and Tenant.
Article 1 - General Provisions.
§ 42-1 - Lessor and lessee not partners.
NC Gen Stat § 42-1 (2014) What's This?
42-1. Lessor and lessee not partners.
No lessor of property, merely by reason that he is to receive as rent or compensation for its use a share of the proceeds or net profits of the business in which it is employed, or any other uncertain consideration, shall be held a partner of the lessee. (1868-9, c. 156, s. 3; Code, s. 1744; Rev., s. 1982; C.S., s. 2341.)
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