AB566,61,7 (b) “Distribution" does not include amounts constituting reasonable compensation for present or past service, payments made in the ordinary course of business under a bona fide retirement plan or other bona fide benefits program, or other payments made to partners for good and valuable consideration other than in their capacity as partners.

AB566,61,9 (4c) “Domestic" means, with respect to an entity, an entity whose governing law is the law of this state.

AB566,61,11 (4j) “Electronic" means relating to technology having electronic, digital, magnetic, wireless, optical, electromagnetic, or similar capabilities.

AB566,61,12 (4p) “Entity" means a person other than an individual.

AB566,61,14 (4t) “Foreign" means, with respect to an entity, an entity whose governing law is other than the law of this state.

AB566,61,18 (5) “Foreign limited liability limited partnership" means a foreign limited partnership whose general partners have limited liability for the debts, obligations, or other liabilities of the foreign limited partnership under a provision similar to s. 179.0404 (3).

AB566,61,21 (6) “Foreign limited partnership" means an association that would be a limited partnership subject to this chapter but for the fact that its governing law is not the law of this state. The term includes a foreign limited liability limited partnership.

AB566,61,23 (6m) “General cooperative association" means, with respect to a Wisconsin cooperative, a cooperative organized under ch. 185.

AB566,61,24 (7) “General partner" means a person that satisfies all of the following:

AB566,62,3 (a) The person has become a general partner under s. 179.0401 or was a general partner in a limited partnership when the partnership became subject to this chapter under subch. XI or s. 179.0112.

AB566,62,4 (b) The person has not dissociated as a general partner under s. 179.0603.

AB566,62,9 (7m) “Governing law" means, with respect to an entity, the law of the jurisdiction that collectively governs its internal affairs and the liability of the persons associated with the entity for a debt, obligation, or other liability of the entity under s. 179.0104 or the corresponding applicable law with respect to entities other than domestic limited partnerships.

AB566,62,11 (8) “Jurisdiction," used to refer to a political entity, means the United States, a state, a foreign country, or a political subdivision of a foreign country.

AB566,62,13 (8m) “Limited cooperative association" means, with respect to a Wisconsin cooperative, a cooperative organized under ch. 193.

AB566,62,17 (10) “Limited liability limited partnership," except in the phrase “foreign limited liability limited partnership," or “domestic limited liability limited partnership” means a limited partnership whose certificate of limited partnership states that the partnership is a limited liability limited partnership.

AB566,62,18 (11) “Limited partner" means a person that satisfies all of the following:

AB566,62,21 (a) The person has become a limited partner under s. 179.0301 or was a limited partner in a limited partnership when the partnership became subject to this chapter under subch. XI or s. 179.0112.

AB566,62,22 (b) The person has not dissociated under s. 179.0601.

AB566,63,2 (12) “Limited partnership," except in the phrase “foreign limited partnership," or “domestic limited partnership” means an entity which was formed under this chapter or became subject to this chapter and which is still subject to this chapter. The term includes a limited liability limited partnership.

AB566,63,3 (13) “Partner" means a limited partner or general partner.

AB566,63,8 (14) “Partnership agreement" means the agreement, whether or not referred to as a partnership agreement and whether oral, implied, in a record, or in any combination thereof, of all the partners of a limited partnership concerning the matters described in s. 179.0105 (1). The term includes the agreement as amended or restated.

AB566,63,14 (15) “Person" means an individual, business corporation, nonprofit or nonstock corporation, partnership, limited partnership, limited liability company, general cooperative association, limited cooperative association, unincorporated association, statutory trust, business trust, common-law business trust, estate, trust, association, joint venture, public corporation, government or governmental subdivision, agency, or instrumentality, or any other legal or commercial entity.

AB566,63,17 (16) “Principal office" means the principal executive office of a limited partnership or foreign limited partnership, whether or not the office is located in this state.

AB566,63,19 (17) “Property" means all property, whether real, personal, or mixed or tangible or intangible, or any right or interest therein.

AB566,63,22 (18) “Record," used as a noun, means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form.

AB566,63,25 (19) “Registered agent" means an agent of a limited partnership or foreign limited partnership that is authorized to receive service of any process, notice, or demand required or permitted by law to be served on the partnership.

AB566,64,3 (20) “Registered foreign limited partnership" means a foreign limited partnership that is registered to do business in this state pursuant to a statement of registration filed by the department.

AB566,64,5 (21) “Required information" means the information that a limited partnership is required to maintain under s. 179.0108.

AB566,64,7 (22) “Sign" means, with present intent to authenticate or adopt a record, any of the following: