§ 59-62 – Dissolution by decree of court.
59-62. Dissolution by decree of court. (a) On application by or for a partner the court shall decree a dissolution whenever: (1) A partner has been adjudicated incompetent or is shown to be of unsound mind, (2) A partner becomes in any other way incapable of performing his part of the partnership contract, (3) A […]
§ 59-47 – Liability of incoming partner.
59-47. Liability of incoming partner. A person admitted as a partner into an existing partnership is liable for all the obligations of the partnership arising before his admission as though he had been a partner when such obligations were incurred, except that this liability shall be satisfied only out of partnership property. (1941, c. 374, […]
§ 59-63 – General effect of dissolution on authority of partner.
59-63. General effect of dissolution on authority of partner. Except so far as may be necessary to wind up partnership affairs or to complete transactions begun but not then finished, dissolution terminates all authority of any partner to act for the partnership, (1) With respect to the partners, a. When the dissolution is not by […]
§ 59-48 – Rules determining rights and duties of partners.
59-48. Rules determining rights and duties of partners. The rights and duties of the partners in relation to the partnership shall be determined, subject to any agreement between them, by the following rules: (1) Each partner shall be repaid his contributions, whether by way of capital or advances to the partnership property and share equally […]
§ 59-64 – Right of partner to contribution from copartners after dissolution.
59-64. Right of partner to contribution from copartners after dissolution. Where the dissolution is caused by the act, death or bankruptcy of a partner, each partner is liable to his copartners for his share of any liability created by any partner acting for the partnership as if the partnership had not been dissolved unless (1) […]
§ 59-49 – Partnership books.
59-49. Partnership books. The partnership books shall be kept, subject to any agreement between the partners, at the principal place of business of the partnership, and every partner shall at all times have access to and may inspect and copy any of them. (1941, c. 374, s. 19.)
§ 59-65 – Power of partner to bind partnership to third persons after dissolution; publication of notice of dissolution.
59-65. Power of partner to bind partnership to third persons after dissolution; publication of notice of dissolution. (a) After dissolution a partner can bind the partnership except as provided in subsection (c) (1) By any act appropriate for winding up partnership affairs or completing transactions unfinished at dissolution; (2) By any transaction which would bind […]
§ 59-50 – Duty of partners to render information.
59-50. Duty of partners to render information. Partners shall render on demand true and full information of all things affecting the partnership to any partner or the legal representative of any deceased partner or partner under legal disability. (1941, c. 374, s. 20.)
§ 59-66 – Effect of dissolution on partner's existing liability.
59-66. Effect of dissolution on partner’s existing liability. (a) The dissolution of the partnership does not of itself discharge the existing liability of any partner. (b) A partner is discharged from any existing liability upon dissolution of the partnership by an agreement to that effect between himself, the partnership creditor and the person or partnership […]
§ 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 […]