Part 2Nature of partnership
Determining whether partnership exists
12Co-ownership of property
If 2 or more persons own or hold property as joint tenants, tenants in common, or joint or part owners, the ownership or holding of the property does not by itself create a partnership in relation to the property.
This section applies whether or not the tenants or owners share any profits made by the use of the property.
Compare
- 1908 No 139 s 5(a)