LD 1609
pg. 20
Page 19 of 146 PUBLIC Law Chapter 543 Page 21 of 146
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LR 1469
Item 1

 
2.__Partner action against partnership.__A partner may
maintain an action against the partnership or another partner for
legal or equitable relief, with or without an accounting as to
partnership business, to:

 
A.__Enforce the partner's rights under the partnership
agreement;

 
B.__Enforce the partner's rights under this chapter,
including:

 
(1)__The partner's rights under sections 1041, 1043 and
1044;

 
(2)__The partner's right on dissociation to have the
partner's interest in the partnership purchased
pursuant to section 1071 or enforce any other right
under subchapter 6 or 7; or

 
(3)__The partner's right to compel a dissolution and
winding up of the partnership business or enforce any
other right under subchapter 8; or

 
C.__Enforce the rights and otherwise protect the interests
of the partner, including rights and interests arising
independently of the partnership relationship.

 
3.__Time limitation.__The accrual of, and any time limitation
on, a right of action for a remedy under this section is governed
by other law.__A right to an accounting upon a dissolution and
winding up does not revive a claim barred by law.

 
§1046.__Continuation of partnership beyond definite term or

 
particular undertaking

 
1.__Rights and duties as at expiration or completion.__If a
partnership for a definite term or particular undertaking is
continued, without an express agreement, after the expiration of
the term or completion of the undertaking, the rights and duties
of the partners remain the same as they were at the expiration or
completion, so far as is consistent with a partnership at will.

 
2.__Presumption of agreement to continue.__If the partners, or
those of them who habitually acted in the business during the
term or undertaking, continue the business without any settlement
or liquidation of the partnership, they are presumed to have
agreed that the__partnership will continue.

 
SUBCHAPTER 5


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