ARTICLE 4. Relations of Partners to Each Other and to Partnership [16401. - 16406.]

Article 4 added by Stats. 1996, Ch. 1003, Sec. 2.

§§ 16401–16406 · 6 sections

• § 16401 (a) Each partner is deemed to have an account that is subject to both of the following: (1) Credited with an amount equal to the money plus the value of any…
• § 16402 A partner has no right to receive, and may not be required to accept, a distribution in kind.
• § 16403 (a) A partnership shall keep its books and records, if any, in writing or in any other form capable of being converted into clearly legible tangible form, at…
• § 16404 (a) The fiduciary duties a partner owes to the partnership and the other partners are the duty of loyalty and the duty of care set forth in subdivisions (b)…
• § 16405 (a) A partnership may maintain an action against a partner for a breach of the partnership agreement, or for the violation of a duty to the partnership,…
• § 16406 (a) If a partnership for a definite term or particular undertaking is continued, without an express agreement, after the expiration of the term or completion…