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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 2327   View pdf image (33K)
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PARTNERSHIP. 2327

An. Code, sec. 22. 1916, ch. 175, sec. 22.

22. (RIGHT TO AN ACCOUNT.) Any partner shall have the right to
a formal account as to partnership affairs:

(a) If he is wrongfully excluded from the partnership business or pos-
session of its property by his co-partners,

(b) If the right exists under the terms of any agreement,

(c) As provided by section 21,

(d) Whenever other circumstances render it just and reasonable.

An. Code, sec. 23. 1916, ch. 175, sec. 23.

23. (CONTINUATION OF PARTNERSHIP BEYOND FIXED TERM.) (1)
When a partnership for a fixed term or particular undertaking is con-
tinued after the termination of such term or particular undertaking with-
out any express agreement, the rights and duties of the partners remain
the same as they were at such termination, so far as is consistent with a
partnership at will.

(2) A continuation of the business by the partners or such of them as
habitually acted therein during the term, without any settlement or liqui-
dation of the partnership affairs, is prima facie evidence of a continuation
of the partnership.

PART V.
Property Rights of a Partner.

An. Code, sec. 24. 1916, ch. 175, sec. 24.

24. (EXTENT OF PROPERTY RIGHTS OF A PARTNER.) The property
rights of a partner are (1) his right in specific partnership property, (2)
his interest in the partnership, and (3) his right to participate in the
management.

An. Code, sec. 25. 1916, ch. 175, sec. 25.

25. (NATURE OF A PARTNER'S RIGHT IN SPECIFIC PARTNERSHIP
PROPERTY. )

(1) A partner is co-owner with his partners of specific partnership
property holding as a tenant in partnership.

(2) The incidents of this tenancy are such that:

(ft) A partner, subject to the provisions of this article and to any
agreement between the partners, has an equal right with his partners to
possess specific partnership property for partnership purposes; but he has
no right to possess such property for any other purpose without the consent
of his partners.

(b) A partner's right in specific partnership property is not assign-
able except in connection with the assignment of the rights of all the part-
ners in the same property.

(c) A partner's right in specific partnership property is not subject to
attachment or execution, except on a claim against the partnership. When
partnership property is attached for a partnership debt the partners, or

 

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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 2327   View pdf image (33K)
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