Articles Posted in UPA

Uniform Partnership Act Limits Remedy If a partner dies after having allegedly misappropriated partnership funds, do the other partners have a right to pursue his estate? The answer appears to be no, according to a recent Chancery Court decision. The decision in In re Genet, Docket No.: ESX-C-44-11 (Oct. 13,…

Partnership Interest Secretly Transferred to Family Member Does a partner have an obligation — separate and apart from the terms of a partnership agreement — to disclose the fact that one of the partners has transferred their interest to another member of the partnership? The question seems to answer itself. …