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Section 358.010 – Name of law.

Effective – 28 Aug 1949 358.010. Name of law. — This chapter may be cited as “Uniform Partnership Law”. ­­——– (L. 1949 p. 506 § 1)

Section 358.020 – Definitions.

Effective – 28 Aug 1995 358.020. Definitions. — In this chapter: (1) “Bankrupt” includes a debtor pursuant to a voluntary or involuntary petition filed under the Federal Bankruptcy Code or a person or entity subject to an insolvency or similar proceeding under state law; (2) “Business” includes every trade, occupation, or profession; (3) “Conveyance” includes […]

Section 358.030 – Interpretation of knowledge and notice.

Effective – 28 Aug 1949 358.030. Interpretation of knowledge and notice. — 1. A person has “knowledge” of a fact within the meaning of this law not only when he has actual knowledge thereof, but also when he has knowledge of such other facts as in the circumstances shows bad faith. 2. A person has […]

Section 358.040 – Rules of construction.

Effective – 28 Aug 1949 358.040. Rules of construction. — 1. The rule that statutes in derogation of the common law are to be strictly construed shall have no application to this law. 2. The law of estoppel shall apply under this law. 3. The law of agency shall apply under this law. 4. This […]

Section 358.060 – Partnership defined.

Effective – 28 Aug 1995 358.060. Partnership defined. — 1. A “partnership” is an association of two or more persons to carry on as co-owners a business for profit and includes, for all purposes of the laws of this state, a registered limited liability partnership. 2. But any association formed under any other statute of […]

Section 358.070 – Rules for determining the existence of a partnership.

Effective – 28 Aug 1949 358.070. Rules for determining the existence of a partnership. — In determining whether a partnership exists, these rules shall apply: (1) Except as provided by section 358.160 persons who are not partners as to each other are not partners as to third persons; (2) Joint tenancy, tenancy in common, tenancy […]

Section 358.080 – Partnership property.

Effective – 28 Aug 1949 358.080. Partnership property. — 1. All property originally brought into the partnership stock or subsequently acquired by purchase or otherwise, on account of the partnership is partnership property. 2. Unless the contrary intention appears, property acquired with partnership funds is partnership property. 3. Any estate in real property may be […]

Section 358.090 – Partner agent of partnership as to partnership business.

Effective – 28 Aug 1949 358.090. Partner agent of partnership as to partnership business. — 1. 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 […]

Section 358.100 – Conveyance of real property of the partnership.

Effective – 28 Aug 1949 358.100. Conveyance of real property of the partnership. — 1. Where title to real property is in the partnership name, any partner may convey title to such property by a conveyance executed in the partnership name; but the partnership may recover such property unless the partner’s act binds the partnership […]

Section 358.110 – Partnership bound by admission of partner.

Effective – 28 Aug 1949 358.110. Partnership bound by admission of partner. — An admission or representation made by any partner concerning partnership affairs within the scope of his authority as conferred by this law is evidence against the partnership. ­­——– (L. 1949 p. 506 § 11)

Section 358.120 – Partnership charged with knowledge of or notice to partner.

Effective – 28 Aug 1949 358.120. Partnership charged with knowledge of or notice to partner. — Notice to any partner of any matter relating to partnership affairs, and the knowledge of the partner acting in the particular matter, acquired while a partner or then present to his mind, and the knowledge of any other partner […]

Section 358.130 – Partnership bound by partner’s wrongful act.

Effective – 28 Aug 1949 358.130. 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 […]

Section 358.140 – Partnership bound by partner’s breach of trust.

Effective – 28 Aug 1949 358.140. 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 […]

Section 358.150 – Nature of partner’s liability.

Effective – 28 Aug 2003 358.150. Nature of partner’s liability. — 1. Except as provided in subsection 2 of this section, all partners are liable jointly and severally for everything chargeable to the partnership pursuant to sections 358.130 and 358.140, and for all other debts and obligations of the partnership. Any partner may enter into […]

Section 358.160 – Partner by estoppel.

Effective – 28 Aug 1949 358.160. Partner by estoppel. — 1. When a person, by words spoken or written or by conduct, 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 […]

Section 358.170 – Liability of incoming partner.

Effective – 28 Aug 1949 358.170. 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 […]

Section 358.180 – Rules determining rights and duties of partners.

Effective – 28 Aug 1995 358.180. 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 the partner’s contributions, whether by way of capital or advances […]

Section 358.190 – Partnership books.

Effective – 28 Aug 1949 358.190. 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. ­­——– (L. 1949 p. 506 § […]