620.8403 – Partner’s rights and duties with respect to information.
620.8403 Partner’s rights and duties with respect to information.— (1) A partnership shall keep its books and records, if any, at the chief executive office of the partnership. (2) A partnership shall provide partners and their agents and attorneys access to the books and records of the partnership. The partnership shall provide former partners and their agents and […]
620.8404 – General standards of partner’s conduct.
620.8404 General standards of partner’s conduct.— (1) The only fiduciary duties a partner owes to the partnership and the other partners are the duty of loyalty and the duty of care, as set forth in subsections (2) and (3). (2) A partner’s duty of loyalty to the partnership and the other partners is limited to the following: (a) To […]
620.8405 – Actions by partnership and partners.
620.8405 Actions by partnership and partners.— (1) 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. (2) A partner may maintain an action against the partnership or another partner for legal or equitable relief, with or […]
620.8406 – Continuation of partnership beyond definite term or particular undertaking.
620.8406 Continuation of partnership beyond definite term or particular undertaking.— (1) 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 completion, so […]
620.8501 – Partner not co-owner of partnership property.
620.8501 Partner not co-owner of partnership property.—Partnership property is owned by the partnership as an entity, not by the partners as co-owners. A partner has no interest that can be transferred, either voluntarily or involuntarily, in specific partnership property. History.—s. 13, ch. 95-242.
620.8502 – Partner’s transferable interest in partnership.
620.8502 Partner’s transferable interest in partnership.—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. A partner’s interest in the partnership is personal property. History.—s. 13, ch. 95-242.
620.8503 – Transfer of partner’s transferable interest.
620.8503 Transfer of partner’s transferable interest.— (1) A transfer, in whole or in part, of a partner’s transferable interest in the partnership: (a) Is permissible. (b) Does not, by itself, cause the partner’s dissociation or a dissolution and winding up of the partnership business. (c) Does not, as against the other partners or the partnership, entitle the transferee, during the […]
620.8504 – Partner’s transferable interest subject to charging order.
620.8504 Partner’s transferable interest subject to charging order.— (1) Upon 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 become due […]
620.8303 – Statement of partnership authority.
620.8303 Statement of partnership authority.— (1) A partnership may file a statement of partnership authority, which: (a) Must include the name of the partnership, as identified in the records of the Department of State, and the names of the partners authorized to execute an instrument transferring real property held in the name of the partnership. (b) May also state […]
620.8601 – Events causing partner’s dissociation.
620.8601 Events causing partner’s dissociation.—A partner is dissociated from a partnership upon the occurrence of any of the following events: (1) The partnership having notice of the partner’s express will to immediately withdraw as a partner or withdraw on a later date specified by the partner; (2) An event agreed to in the partnership agreement causing the partner’s […]