§47B-3-7. Actions by and Against Partnership and Partners
(a)A partnership may sue and be sued in the name of the partnership. (b)An action may be brought against the partnership and any or all of the partners who are personally liable for obligations of the partnership under section six of this article in the same action or in separate actions. (c)A judgment against a […]
§47B-3-8. Liability of Purported Partner
(a) 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 not partners, the purported partner is liable to a person to whom the representation is made: (1) If that person, relying on the […]
§47B-4-1. Partner's Rights and Duties
(a) Each partner is deemed to have an account that is: (1) Credited with an amount equal to the money plus the value of any other property, net of the amount of any liabilities as provided in section six, article three of this chapter, the partner contributes to the partnership and the partner's share of […]
§47B-4-2. Distributions in Kind
A partner has no right to receive, and may not be required to accept, a distribution in kind.
§47B-4-3. Partner's Rights and Duties With Respect to Information
(a) A partnership shall keep its books and records, if any, at its chief executive office. (b) A partnership shall provide partners and their agents and attorneys access to its books and records. It shall provide former partners and their agents and attorneys access to books and records pertaining to the period during which they […]
§47B-4-4. General Standards of Partner's Conduct
(a) The only fiduciary duties a partner owes to the partnership and the other partners are the duty of loyalty and the duty of care set forth in subsections (b) and (c) of this section. (b) A partner's duty of loyalty to the partnership and the other partners is limited to the following: (1) To […]
§47B-3-3. Statement of Partnership Authority
(a) A partnership may file a statement of partnership authority, which: (1) Must include:
§47B-3-4. Statement of Denial
A partner or other person named as a partner in a filed statement of partnership authority or in a list maintained by an agent pursuant to subsection (b), section three, article three of this chapter may file a statement of denial stating the name of the partnership and the fact that is being denied, which […]
§47B-3-5. Partnership Liable for Partner's Actionable Conduct
(a) 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. (b) If, in the course […]
§47B-1-4. Supplemental Principles of Law
(a) Unless displaced by particular provisions of this chapter, the principles of law and equity supplement this chapter. (b) If an obligation to pay interest arises under this chapter and the rate is not specified, the rate is that specified in section thirty-one, article six, chapter fifty-six of this code.