1926

LAWS OF MARYLAND

[Ch. 311

Art. 73A, §18.

In paragraph (6) of this section, the word "a"
is inserted before "surviving partner" to
conform to Ch. 175 of the Acts of 1916, as
well as the language proposed by the National
Conference of Commissioners on Uniform Laws.

The only other changes are technical changes
in punctuation.

9-402. 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.

REVISOR'S NOTE: This section presently appears as
Art. 73A, §19.

No changes are made.

9-403. 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.

REVISOR'S NOTE: This section presently appears as
Art. 73A, §20.

No changes are made.

9-404. PARTNER ACCOUNTABLE AS A FIDUCIARY.

(A)   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 FROM ANY
USE BY HIM OF ITS PROPERTY.

(B)      THIS SECTION APPLIES ALSO TO THE
REPRESENTATIVES OF A DECEASED PARTNER ENGAGED IN THE
LIQUIDATION OF THE AFFAIRS OF THE PARTNERSHIP AS THE
PERSONAL REPRESENTATIVES OF THE LAST SURVIVING PARTNER.

REVISOR'S NOTE: This section presently appears as
Art. 73A, §21.

No changes are made.