MARVIN MANDEL, Governor

1927

9-405. 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 TEEMS OF ANY
AGREEMENT;

(3)   AS PROVIDED BY §9-404; OR

(4)   WHENEVER OTHER CIRCUMSTANCES RENDER IT JUST AND
REASONABLE.

REVISOR'S NOTE: This section presently appears as
Art. 73A, §22. A cross—reference is
conformed.

The word "or" is added at the end of item (3).

The only other changes are technical changes
in punctuation.

9-406. CONTINUATION OF PARTNERSHIP BEYOND FIXED TERM.

(A)    WHEN A PARTNERSHIP FOR A FIXED TERM OR
PARTICULAR UNDERTAKING IS CONTINUED AFTER THE TERMINATION
OF THE TERM OR PARTICULAR UNDERTAKING WITHOUT ANY
EXPRESS AGREEMENT, THE RIGHTS AND DUTIES OF THE PARTNERS
REMAIN THE SAME AS THEY WERE AT THE TERMINATION, SO FAR
AS IS CONSISTENT WITH A PARTNERSHIP AT WILL.

(B)   A CONTINUATION OF THE BUSINESS BY THE PARTNERS
OR SUCH OF THEM AS HABITUALLY ACTED THEREIN DURING THE
TERM, WITHOUT ANY SETTLEMENT OR LIQUIDATION OF THE
PARTNERSHIP AFFAIRS, IS PRIMA FACIE EVIDENCE OF A
CONTINUATION OF THE PARTNERSHIP.

REVISOR'S NOTE: This section presently appears as
Art. 73A, §23.

In two instances, the word "the" is
substituted for the word "such."

No other changes are made.

SUBTITLE 5. PROPERTY RIGHTS OF A PARTNER.

9-501. EXTENT OF PROPERTY RIGHTS OF A PARTNER.

THE PROPERTY RIGHTS OF A PARTNER ARE: