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Home » US Law » 2021 Kansas Statutes » Chapter 59 - Probate Code » Article 10 - Partnership Estates

59-1001 Management; bond.

59-1001. Management; bond. The property of a partnership dissolved by the death of any of its members shall be delivered to the surviving partner who may be disposed to undertake the management of it agreeably to the conditions of a bond which such partner shall give as provided by law. Upon the giving of such […]

59-1002 When administrator takes charge.

59-1002. When administrator takes charge. In case the surviving partner, having been duly cited for that purpose, shall neglect or refuse to give the bond required by law, the executor or administrator of the estate of the deceased partner, on giving a bond as provided by law, shall take the whole of the partnership estate […]

59-1003 Exhibition and surrender of property; statement; contempt.

59-1003. Exhibition and surrender of property; statement; contempt. Every surviving partner, on demand of the executor or administrator of a deceased partner, shall exhibit to such executor or administrator and the appraisers of the deceased partner’s estate the property belonging to the partnership at the time of the death of the deceased partner, for inventory […]

59-1004 Sale of assets.

59-1004. Sale of assets. An executor or administrator having the whole of the partnership estate in his or her possession, as herein provided, may sell the assets thereof at public or private sale as provided by law, and may without such possession sell the interest of the deceased partner therein in the manner aforesaid. The […]

59-1005 Accounting; liabilities and penalties.

59-1005. Accounting; liabilities and penalties. The person executing the trust, whether surviving partner or executor or administrator, shall have the same duty to account and to have his or her account adjudicated as in the case of ordinary administration; and such person shall be subject to the same liabilities, remedies, and penalties with reference thereto […]