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Section 358.200 – Duty of partners to render information.

Effective – 28 Aug 1949 358.200. 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. ­­——– (L. 1949 p. 506 § 20)

Section 358.210 – Partner accountable as a fiduciary.

Effective – 28 Aug 1949 358.210. Partner accountable as a fiduciary. — 1. 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 […]

Section 358.220 – Right to an account.

Effective – 28 Aug 1949 358.220. 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) […]

Section 358.230 – Continuation of partnership beyond fixed term.

Effective – 28 Aug 1949 358.230. Continuation of partnership beyond fixed term. — 1. 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, […]

Section 358.240 – Extent of property rights of a partner.

Effective – 28 Aug 1949 358.240. Extent of property rights of a partner. — The property rights of a partner are his rights in specific partnership property, his interest in the partnership, and his right to participate in the management. ­­——– (L. 1949 p. 506 § 24)

Section 358.270 – Assignment of partner’s interest.

Effective – 28 Aug 1949 358.270. Assignment of partner’s interest. — 1. 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 […]

Section 358.280 – Partner’s interest subject to charging order.

Effective – 28 Aug 1949 358.280. Partner’s interest subject to charging order. — 1. 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 […]

Section 358.290 – Dissolution defined.

Effective – 28 Aug 1949 358.290. Dissolution defined. — The “dissolution” of a partnership is the change in the relation of the partners caused by any partner ceasing to be associated in the carrying on as distinguished from the winding up of the business. ­­——– (L. 1949 p. 506 § 29)

Section 358.310 – Causes of dissolution.

Effective – 28 Aug 1949 358.310. Causes of dissolution. — Dissolution is caused: (1) Without violation of the agreement between the partners, (a) By the termination of the definite term or particular undertaking specified in the agreement; (b) By the express will of any partner when no definite term or particular undertaking is specified; (c) […]

Section 358.320 – Dissolution by decree of court.

Effective – 28 Aug 1983 358.320. Dissolution by decree of court. — 1. On application by or for a partner the court shall decree a dissolution whenever: (1) A partner is shown to be mentally incapacitated; (2) A partner becomes in any other way incapable of performing his part of the partnership contract; (3) A […]

Section 358.330 – General effect of dissolution on authority of partner.

Effective – 28 Aug 1949 358.330. 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) […]

Section 358.360 – Effect of dissolution of partner’s existing liability.

Effective – 28 Aug 1995 358.360. Effect of dissolution of partner’s existing liability. — 1. The dissolution of the partnership does not of itself discharge the existing liability of any partner. 2. A partner is discharged from any existing liability upon dissolution of the partnership by an agreement to that effect between himself or herself, […]

Section 358.370 – Right to wind up.

Effective – 28 Aug 1949 358.370. Right to wind up. — Unless otherwise agreed the partners who have not wrongfully dissolved the partnership or the legal representative of the last surviving partner, not bankrupt, has the right to wind up the partnership affairs; provided, however, that any partner, his legal representative or his assignee, upon […]

Section 358.371 – Disposal of claims, notice of dissolution.

Effective – 24 Jun 1997 358.371. Disposal of claims, notice of dissolution. — 1. A dissolved partnership may dispose of the known claims against it in accordance with this subsection and subsection 2 of this section. The dissolved partnership shall notify its known claimants in writing of the dissolution at any time after its effective […]

Section 358.380 – Rights of partners to application of partnership property.

Effective – 28 Aug 1949 358.380. Rights of partners to application of partnership property. — 1. When dissolution is caused in any way, except in contravention of the partnership agreement, each partner, as against his copartners and all persons claiming through them in respect of their interests in the partnership, unless otherwise agreed, may have […]