§ 6-907. Husband and wife deposit for business purpose - Sole proprietorship account.  


Latest version.
  • A deposit made in any bank or credit union by a husband and wife which is primarily for a business purpose may be treated, at the option of the depositors, as a sole proprietorship account, rather than a partnership account unless a formal partnership has been formed.

Added by Laws 1993, c. 183, § 14, eff. July 1, 1993.  Amended by Laws 2007, c. 80, § 6, eff. Jan. 1, 2008.