620.8305 – Partnership liable for partner’s actionable conduct.
620.8305 Partnership liable for partner’s actionable conduct.— (1) A partnership is liable for loss or injury caused to a person, or for a penalty incurred, as a result of a wrongful act or omission, or other actionable conduct, of a partner acting in the ordinary course of business of the partnership or with authority of the partnership. […]
620.8603 – Effect of partner’s dissociation.
620.8603 Effect of partner’s dissociation.— (1) If a partner’s dissociation results in a dissolution and winding up of the partnership business, ss. 620.8801-620.8807 apply; otherwise, ss. 620.8701-620.8705 apply. (2) Upon a partner’s dissociation: (a) The partner’s right to participate in the management and conduct of the partnership business terminates, except as otherwise provided in s. 620.8803; (b) The partner’s duty […]
620.8306 – Partner’s liability.
620.8306 Partner’s liability.— (1) Except as otherwise provided in subsections (2) and (3), all partners are liable jointly and severally for all obligations of the partnership unless otherwise agreed by a claimant or provided by law. (2) A person admitted as a partner into an existing partnership is not personally liable for any partnership obligation incurred before the […]
620.8701 – Purchase of dissociated partner’s interest.
620.8701 Purchase of dissociated partner’s interest.— (1) If a partner is dissociated from a partnership without resulting in a dissolution and winding up of the partnership business under s. 620.8801, the partnership shall cause the dissociated partner’s interest in the partnership to be purchased for a buyout price determined pursuant to subsection (2). (2) The buyout price of […]
620.8307 – Actions by and against partnership and partners.
620.8307 Actions by and against partnership and partners.— (1) A partnership may sue and be sued in the name of the partnership. (2) An action may be brought against the partnership and, to the extent not inconsistent with s. 620.8306, any or all of the partners in the same action or in separate actions. (3) A judgment against a […]
620.8308 – Liability of purported partner.
620.8308 Liability of purported partner.— (1) If a person, by words or conduct, purports to be a partner, or consents to being represented by another as a partner, in a partnership or with one or more persons who are not partners, the purported partner is liable to a person to whom the representation is made if such […]
620.8401 – Partner’s rights and duties.
620.8401 Partner’s rights and duties.— (1) Each partner is deemed to have an account which is: (a) Credited with an amount equal to the money plus the value of any other property, net of the amount of any liabilities, the partner contributes to the partnership and the partner’s share of the partnership profits; and (b) Charged with an amount […]
620.8402 – Distributions in kind.
620.8402 Distributions in kind.—A partner has no right to receive, and may not be required to accept, a distribution in kind. History.—s. 13, ch. 95-242.
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 […]