N.C. Gen. Stat. § 42-1

Current through Session Law 2024-56

Section 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.