PARRIS N. GLENDENING, Governor                              Ch. 654

(B)     EACH PARTNER IS ENTITLED TO AN EQUAL SHARE OF THE PARTNERSHIP
PROFITS AND IS CHARGEABLE WITH A SHARE OF THE PARTNERSHIP LOSSES IN
PROPORTION TO THE PARTNER'S SHARE OF THE PROFITS.

(C)     A PARTNERSHIP SHALL REIMBURSE A PARTNER FOR PAYMENTS MADE
AND INDEMNIFY A PARTNER FOR LIABILITIES INCURRED BY THE PARTNER IN THE
ORDINARY COURSE OF THE BUSINESS OF THE PARTNERSHIP OR FOR THE
PRESERVATION OF ITS BUSINESS OR PROPERTY.

(D)    A PARTNERSHIP SHALL REIMBURSE A PARTNER FOR AN ADVANCE TO
THE PARTNERSHIP BEYOND THE AMOUNT OF CAPITAL THE PARTNER AGREED TO
CONTRIBUTE.

(E)     A PAYMENT OR ADVANCE MADE BY A PARTNER WHICH GIVES RISE TO A
PARTNERSHIP OBLIGATION UNDER SUBSECTION (C) OR (D) OF THIS SECTION
CONSTITUTES A LOAN TO THE PARTNERSHIP WHICH ACCRUES INTEREST FROM THE
DATE OF THE PAYMENT OR ADVANCE

(F)     EACH PARTNER HAS EQUAL RIGHTS IN THE MANAGEMENT AND
CONDUCT OF THE PARTNERSHIP BUSINESS.

(G)    A PARTNER MAY USE OR POSSESS PARTNERSHIP PROPERTY ONLY ON
BEHALF OF THE PARTNERSHIP.

(H) A PARTNER IS NOT ENTITLED TO REMUNERATION FOR SERVICES
PERFORMED FOR THE PARTNERSHIP, EXCEPT FOR REASONABLE COMPENSATION
FOR SERVICES RENDERED IN WINDING UP THE BUSINESS OF THE PARTNERSHIP.

(I) A PERSON MAY BECOME A PARTNER ONLY WITH THE CONSENT OF ALL
OF THE PARTNERS.

(J) A DIFFERENCE ARISING AS TO A MATTER IN THE ORDINARY COURSE OF
BUSINESS OF A PARTNERSHIP MAY BE DECIDED BY A MAJORITY OF THE PARTNERS.
AN ACT OUTSIDE THE ORDINARY COURSE OF BUSINESS OF A PARTNERSHIP AND AN
AMENDMENT TO THE PARTNERSHIP AGREEMENT MAY BE UNDERTAKEN ONLY
WITH THE CONSENT OF ALL OF THE PARTNERS.

(K) THIS SECTION DOES NOT AFFECT THE OBLIGATIONS OF A PARTNERSHIP
TO OTHER PERSONS UNDER § 9-301 OF THIS TITLE.

9-402. DISTRIBUTIONS IN KIND.

A PARTNER HAS NO RIGHT TO RECEIVE, AND MAY NOT BE REQUIRED TO
ACCEPT, A DISTRIBUTION IN KIND.

9-403. PARTNER'S RIGHTS AND DUTIES WITH RESPECT TO INFORMATION.

(A) A PARTNERSHIP SHALL KEEP ITS BOOKS AND RECORDS, IF ANY, AT ITS
CHIEF EXECUTIVE OFFICE.

(B) A PARTNERSHIP SHALL PROVIDE PARTNERS AND THEIR AGENTS AND
ATTORNEYS ACCESS TO ITS BOOKS AND RECORDS. IT SHALL PROVIDE FORMER
PARTNERS AND THEIR AGENTS AND ATTORNEYS ACCESS TO BOOKS AND RECORDS

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