N.C. Gen. Stat. § 42-1

Citation: N.C. Gen. Stat. § 42-1
Jurisdiction: North Carolina (state)
Source: Official source
Original Source: https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_42/G... ↗

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N.C. Gen. Stat. § 42-1

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Chapter 42.

Landlord and Tenant.

Article 1.
General Provisions.
§ 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.)