56a-405 Actions by partnership and partners.
56a-405. Actions by partnership and partners. (a) A partnership may maintain an action against a partner for a breach of the partnership agreement, or for the violation of a duty to the partnership, causing harm to the partnership. (b) A partner may maintain an action against the partnership or another partner for legal or equitable […]
56a-803 Right to wind up partnership business.
56a-803. Right to wind up partnership business. (a) After dissolution, a partner who has not wrongfully dissociated may participate in winding up the partnership’s business, but on application of any partner, partner’s legal representative, or transferee, the district court, for good cause shown, may order judicial supervision of the winding up. (b) The legal representative […]
56a-406 Continuation of partnership beyond definite term or particular undertaking.
56a-406. Continuation of partnership beyond definite term or particular undertaking. (a) If a partnership for a definite term or particular undertaking is continued, without an express agreement, after the expiration of the term or completion of the undertaking, the rights and duties of the partners remain the same as they were at the expiration or […]
56a-804 Partner’s power to bind partnership after dissolution.
56a-804. Partner’s power to bind partnership after dissolution. Subject to K.S.A. 56a-805, a partnership is bound by a partner’s act after dissolution that: (a) Is appropriate for winding up the partnership business; or (b) would have bound the partnership under K.S.A. 56a-301 before dissolution, if the other party to the transaction did not have notice […]
56a-501 Partner not co-owner of partnership property.
56a-501. Partner not co-owner of partnership property. A partner is not a co-owner of partnership property and has no interest in partnership property which can be transferred, either voluntarily or involuntarily. History: L. 1998, ch. 93, § 26; Jan. 1, 1999.
56a-805 Statement of dissolution.
56a-805. Statement of dissolution. (a) After dissolution, a partner who has not wrongfully dissociated may file a statement of dissolution stating the name of the partnership and that the partnership has dissolved and is winding up its business. (b) A statement of dissolution cancels a filed statement of partnership authority for the purposes of subsection […]
56a-502 Partner’s transferable interest in partnership.
56a-502. Partner’s transferable interest in partnership. Except as provided in the business entity transactions act, K.S.A. 2021 Supp. 17-78-101 et seq., and amendments thereto, the only transferable interest of a partner in the partnership is the partner’s share of the profits and losses of the partnership and the partner’s right to receive distributions. The interest […]
56a-503 Transfer of partner’s transferable interest.
56a-503. Transfer of partner’s transferable interest. (a) A transfer, in whole or in part, of a partner’s transferable interest in the partnership: (1) Is permissible; (2) does not by itself cause the partner’s dissociation or a dissolution and winding up of the partnership business; and (3) does not, as against the other partners or the […]
56a-504 Partner’s transferable interest subject to charging order.
56a-504. Partner’s transferable interest subject to charging order. (a) On application by a judgment creditor of a partner or of a partner’s transferee, a court having jurisdiction may charge the transferable interest of the judgment debtor to satisfy the judgment. The court may appoint a receiver of the share of the distributions due or to […]
56a-601 Events causing partner’s dissociation.
56a-601. Events causing partner’s dissociation. A partner is dissociated from a partnership upon the occurrence of any of the following events: (a) The partnership’s having notice of the partner’s express will to withdraw as a partner or on a later date specified by the partner; (b) an event agreed to in the partnership agreement as […]