§ 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.)
§ 59-57 – Assignment of partner's interest.
59-57. Assignment of partner’s interest. (a) A conveyance by a partner of his interest in the partnership does not of itself dissolve the partnership, nor, as against the other partners in the absence of agreement, entitle the assignee, during the continuance of the partnership, to interfere in the management or administration of the partnership business […]
§ 59-58 – Partner's interest subject to charging order.
59-58. Partner’s interest subject to charging order. (a) On due application to a competent court by any judgment creditor of a partner, the court which entered the judgment, order or decree, or any other court, may charge the interest of the debtor partner with payment of the unsatisfied amount of such judgment debt with interest […]
§ 59-43 – Partnership bound by partner's wrongful act.
59-43. Partnership bound by partner’s wrongful act. Where, by any wrongful act or omission of any partner acting in the ordinary course of the business of the partnership or with the authority of his copartners, loss or injury is caused to any person, not being a partner in the partnership, or any penalty is incurred, […]
§ 59-44 – Partnership bound by partner's breach of trust.
59-44. Partnership bound by partner’s breach of trust. The partnership is bound to make good the loss: (1) Where one partner acting within the scope of his apparent authority receives money or property of a third person and misapplies it; and (2) Where the partnership in the course of its business receives money or property […]
§ 59-45 – Nature of partner's liability in ordinary partnerships and in registered limited liability partnerships.
59-45. Nature of partner’s liability in ordinary partnerships and in registered limited liability partnerships. (a) Except as provided by subsections (a1) and (b) of this section, all partners are jointly and severally liable for the acts and obligations of the partnership. (a1) Except as provided in subsection (b) of this section, a partner in a […]
§ 59-46 – Partner by estoppel.
59-46. Partner by estoppel. (a) When a person, by words spoken or written, by conduct, or by contract, represents himself, or consents to another representing him to anyone, as a partner in an existing partnership or with one or more persons not actual partners, he is liable to any such person to whom such representation […]
§ 59-38 – Partnership property.
59-38. Partnership property. (a) All property originally brought into the partnership stock or subsequently acquired by purchase or otherwise, on account of the partnership, is partnership property. (b) Unless the contrary intention appears, property acquired with partnership funds is partnership property. (c) Any estate in real property may be acquired in the partnership name. Title […]
§ 59-39 – Partner agent of partnership as to partnership business.
59-39. Partner agent of partnership as to partnership business. (a) Every partner is an agent of the partnership for the purpose of its business, and the act of every partner, including the execution in the partnership name of any instrument, for apparently carrying on in the usual way the business of the partnership of which […]