§ 59-73 – Accrual of actions.
59-73. Accrual of actions. The right to an account of his interest shall accrue to any partner, or his legal representative, as against the winding up partners or the surviving partners or the person or partnership continuing the business, at the date of dissolution, in the absence of any agreement to the contrary. (1941, c. […]
§ 59-73.1 – Definitions.
59-73.1. Definitions. As used in this Article: (1) "Business entity" means a domestic corporation (including a professional corporation as defined in G.S. 55B-2), a foreign corporation (including a foreign professional corporation as defined in G.S. 55B-16), a domestic or foreign nonprofit corporation, a domestic or foreign limited liability company, a domestic or foreign limited partnership, […]
§ 59-73.2 – Recodified as § 0 by Session Laws 2001-387, s105(b).
59-73.2: Recodified as 59-73.20 by Session Laws 2001-387, s. 105(b).
§ 59-73.3 – Recodified as § 0 by Session Laws 2001-387, s105(b).
59-73.3: Recodified as 59-73.30 by Session Laws 2001-387, s. 105(b).
§ 59-51 – Partner accountable as a fiduciary.
59-51. Partner accountable as a fiduciary. (a) Every partner must account to the partnership for any benefit, and hold as trustee for it any profits derived by him without the consent of the other partners from any transaction connected with the formation, conduct or liquidation of the partnership or from any use by him of […]
§ 59-52 – Right to an account.
59-52. Right to an account. Any partner shall have the right to a formal account as to partnership affairs: (1) If he is wrongfully excluded from the partnership business or possession of its property by his copartners, (2) If the right exists under the terms of any agreement, (3) As provided by G.S. 59-51, (4) […]
§ 59-53 – Continuation of partnership beyond fixed term.
59-53. Continuation of partnership beyond fixed term. (a) When a partnership for a fixed term or particular undertaking is continued after the termination of such term or particular undertaking without any express agreement, the rights and duties of the partners remain the same as they were at such termination, so far as is consistent with […]
§ 59-54 – Extent of property rights of a partner.
59-54. Extent of property rights of a partner. The property rights of a partner are: (1) His right in specific partnership property, (2) His interest in the partnership, and (3) His right to participate in the management. (1941, c. 374, s. 24.)
§ 59-55 – Nature of a partner's right in specific partnership property.
59-55. Nature of a partner’s right in specific partnership property. (a) A partner is co-owner with his partners of specific partnership property holding as a tenant in partnership. (b) The incidents of this tenancy are such that: (1) A partner, subject to the provisions of this Act and to any agreement between the partners, has […]
§ 59-56 – Nature of partner's interest in the partnership.
59-56. Nature of partner’s interest in the partnership. A partner’s interest in the partnership is his share of the profits and surplus, and the same is personal property. (1941, c. 374, s. 26.)