California Corporations Code ARTICLE 4 - Relations of Partners to Each Other and to Partnership

  • Section 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...
  • Section 16402.
    A partner has no right to receive, and may not be required to accept, a distribution in kind.(Added by Stats. 1996, Ch. 1003, Sec. 2....
  • Section 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...
  • Section 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...
  • Section 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...
  • Section 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 of...

Last modified: October 22, 2018