TITLE 7
Corporations, Associations, and Partnerships

CHAPTER 7-12
Partnerships

SECTION 7-12-15


§ 7-12-15 Rules of construction.

(a) The rule that statutes in derogation of the common law are to be strictly construed has no application to §§ 7-12-12 – 7-12-55.

(b) The law of estoppel applies under §§ 7-12-12 – 7-12-55.

(c) The law of agency applies under §§ 7-12-12 – 7-12-55.

(d) Sections 7-12-12 – 7-12-55 shall be so interpreted and construed as to effect their general purpose to make uniform the law of those states which enact them.

(e) Sections 7-12-12 – 7-12-55 shall not be construed so as to impair the obligations of any contract existing on October 1, 1957, nor to affect any action or proceedings or right accrued before October 1, 1957.

History of Section.
(R.P.L. 1957, ch. 74, § 4.)