Chapter 12
Partnerships
Index of Sections
§ 7-12-1. Provisions in partnership agreements deemed nontestamentary.
§ 7-12-2. Death of partner — Statement delivered to administrator or executor.
§ 7-12-3. Examination of books and property by representative of deceased partner.
§ 7-12-4. Separate composition with creditors on dissolution of partnership.
§ 7-12-5. Separate composition as full discharge of partner.
§ 7-12-6. Payment by partner in excess of his or her proportion.
§ 7-12-7. Insolvency or absconding of partner.
§ 7-12-8. Memorandum exonerating partner on separate composition.
§ 7-12-9. Partners not discharged by separate composition — Defenses to creditor’s action.
§ 7-12-10. Application to joint debtors.
§ 7-12-11. Limited partnership law unaffected.
§ 7-12-12. Short title. [Repealed effective January 1, 2023.]7-12-12. [Repealed effective January 1, 2023.]
§ 7-12-13. Definitions. [Repealed effective January 1, 2023.]7-12-13. [Repealed effective January 1, 2023.]
§ 7-12-14. Interpretation of knowledge and notice. [Repealed effective January 1, 2023.]7-12-14. [Repealed effective January 1, 2023.]
§ 7-12-15. Rules of construction. [Repealed effective January 1, 2023.]7-12-15. [Repealed effective January 1, 2023.]
§ 7-12-16. Rules for cases not provided for. [Repealed effective January 1, 2023.]7-12-16. [Repealed effective January 1, 2023.]
§ 7-12-17. Partnership defined. [Repealed effective January 1, 2023.]7-12-17. [Repealed effective January 1, 2023.]
§ 7-12-18. Rules for determining the existence of a partnership. [Repealed effective January
1, 2023.]7-12-18. [Repealed effective January 1, 2023.]
§ 7-12-19. Partnership property. [Repealed effective January 1, 2023.]7-12-19. [Repealed effective January 1, 2023.]
§ 7-12-20. Partner agent of partnership as to partnership business. [Repealed effective January
1, 2023.]7-12-20. [Repealed effective January 1, 2023.]
§ 7-12-21. Conveyance of real property of the partnership. [Repealed effective January 1, 2023.]7-12-21. [Repealed effective January 1, 2023.]
§ 7-12-22. Partnership bound by admission of partner. [Repealed effective January 1, 2023.]7-12-22. [Repealed effective January 1, 2023.]
§ 7-12-23. Partnership charged with knowledge of or notice to partner. [Repealed effective January
1, 2023.]7-12-23. [Repealed effective January 1, 2023.]
§ 7-12-24. Partnership bound by partner’s wrongful act. [Repealed effective January 1, 2023.]7-12-24. [Repealed effective January 1, 2023.]
§ 7-12-25. Partnership bound by partner’s breach of trust. [Repealed effective January 1, 2023.]7-12-25. [Repealed effective January 1, 2023.]
§ 7-12-26. Nature of partner’s liability. [Repealed effective January 1, 2023.]7-12-26. [Repealed effective January 1, 2023.]
§ 7-12-27. Partner by estoppel. [Repealed effective January 1, 2023.]7-12-27. [Repealed effective January 1, 2023.]
§ 7-12-28. Liability of incoming partner. [Repealed effective January 1, 2023.]7-12-28. [Repealed effective January 1, 2023.]
§ 7-12-29. Rules determining rights and duties of partners. [Repealed effective January 1, 2023.]7-12-29. [Repealed effective January 1, 2023.]
§ 7-12-30. Partnership books. [Repealed effective January 1, 2023.]7-12-30. [Repealed effective January 1, 2023.]
§ 7-12-31. Duty of partners to render information. [Repealed effective January 1, 2023.]7-12-31. [Repealed effective January 1, 2023.]
§ 7-12-31.1. Nature of business.
§ 7-12-32. Partner accountable as a fiduciary. [Repealed effective January 1, 2023.]7-12-32. [Repealed effective January 1, 2023.]
§ 7-12-33. Right to an account. [Repealed effective January 1, 2023.]7-12-33. [Repealed effective January 1, 2023.]
§ 7-12-34. Continuation of partnership beyond fixed term. [Repealed effective January 1, 2023.]7-12-34. [Repealed effective January 1, 2023.]
§ 7-12-35. Extent of property rights of a partner. [Repealed effective January 1, 2023.]7-12-35. [Repealed effective January 1, 2023.]
§ 7-12-36. Nature of a partner’s right in specific partnership property. [Repealed effective
January 1, 2023.]7-12-36. [Repealed effective January 1, 2023.]
§ 7-12-37. Nature of partner’s interest in the partnership. [Repealed effective January 1, 2023.]7-12-37. [Repealed effective January 1, 2023.]
§ 7-12-38. Assignment of partner’s interest. [Repealed effective January 1, 2023.]7-12-38. [Repealed effective January 1, 2023.]
§ 7-12-39. Partner’s interest subject to charging order. [Repealed effective January 1, 2023.]7-12-39. [Repealed effective January 1, 2023.]
§ 7-12-40. Dissolution defined. [Repealed effective January 1, 2023.]7-12-40. [Repealed effective January 1, 2023.]
§ 7-12-41. Partnership not terminated by dissolution. [Repealed effective January 1, 2023.]7-12-41. [Repealed effective January 1, 2023.]
§ 7-12-42. Causes of dissolution. [Repealed effective January 1, 2023.]7-12-42. [Repealed effective January 1, 2023.]
§ 7-12-43. Dissolution by decree of court. [Repealed effective January 1, 2023.]7-12-43. [Repealed effective January 1, 2023.]
§ 7-12-44. General effect of dissolution on authority of partner. [Repealed effective January
1, 2023.]7-12-44. [Repealed effective January 1, 2023.]
§ 7-12-45. Right of partner to contribution from copartners after dissolution. [Repealed effective
January 1, 2023.]7-12-45. [Repealed effective January 1, 2023.]
§ 7-12-46. Power of partner to bind partnership to third persons after dissolution. [Repealed
effective January 1, 2023.]7-12-46. [Repealed effective January 1, 2023.]
§ 7-12-47. Effect of dissolution on partner’s existing liability. [Repealed effective January
1, 2023.]7-12-47. [Repealed effective January 1, 2023.]
§ 7-12-48. Right to wind up. [Repealed effective January 1, 2023.]7-12-48. [Repealed effective January 1, 2023.]
§ 7-12-49. Rights of partners to application of partnership property. [Repealed effective January
1, 2023.]7-12-49. [Repealed effective January 1, 2023.]
§ 7-12-50. Rights where partnership is dissolved for fraud or misrepresentation. [Repealed effective
January 1, 2023.]7-12-50. [Repealed effective January 1, 2023.]
§ 7-12-51. Rules for distribution. [Repealed effective January 1, 2023.]7-12-51. [Repealed effective January 1, 2023.]
§ 7-12-52. Liability of persons continuing the business in certain cases. [Repealed effective
January 1, 2023.]7-12-52. [Repealed effective January 1, 2023.]
§ 7-12-53. Rights of retiring or estate of deceased partner when the business is continued. [Repealed
effective January 1, 2023.]7-12-53. [Repealed effective January 1, 2023.]
§ 7-12-54. Accrual of actions. [Repealed effective January 1, 2023.]7-12-54. [Repealed effective January 1, 2023.]
§ 7-12-55. Other laws preserved. [Repealed effective January 1, 2023.]7-12-55. [Repealed effective January 1, 2023.]
§ 7-12-56. Registered limited-liability partnerships. [Repealed effective January 1, 2023.]7-12-56. [Repealed effective January 1, 2023.]
§ 7-12-57. Name of registered limited-liability partnerships. [Repealed effective January 1,
2023.]7-12-57. [Repealed effective January 1, 2023.]
§ 7-12-58. Insurance or financial responsibility of registered limited-liability partnerships.
[Repealed effective January 1, 2023.]7-12-58. [Repealed effective January 1, 2023.]
§ 7-12-59. Applicability to foreign and interstate commerce. [Repealed effective January 1, 2023.]7-12-59. [Repealed effective January 1, 2023.]
§ 7-12-60. Filing of returns with the tax administrator — Annual charge.