N.C. Gen. Stat. § 42-1

Lessor and lessee not partners.

Last amended: 1868Year: 2026Length: 55 wordsOfficial source
§ 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.
N.C. Gen. Stat. § 42-1: Lessor and lessee not partners. | Justis AI