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§ 8448. Actions by partnership and partners

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 15 Pa.C.S.A. Corporations and Unincorporated AssociationsEffective: February 21, 2017

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 15 Pa.C.S.A. Corporations and Unincorporated Associations (Refs & Annos)
Part III. Partnerships and Limited Liability Companies (Refs & Annos)
Chapter 84. General Partnerships (Refs & Annos)
Subchapter D. Relations of Partners to Each Other and to Partnership (Refs & Annos)
Effective: February 21, 2017
15 Pa.C.S.A. § 8448
Formerly cited as PA ST 15 Pa.C.S.A. § 8335
§ 8448. Actions by partnership and partners
Currentness
(a) Action by partnership.--A partnership may maintain an action against a partner for either of the following that causes or threatens harm to the partnership:
(1) a breach of the partnership agreement; or
(2) the violation of a duty to the partnership.
(b) Action by partner.--A partner may maintain an action against the partnership or another partner, with or without an accounting as to partnership business, to enforce the partner's rights and protect the partner's interests, including rights and interests under the partnership agreement or this title or arising independently of the partnership relationship.
(c) Claims not revived.--A right to an accounting on dissolution and winding up does not revive a claim barred by law.
(d) Cross reference.--See section 8415(c)(12) (relating to contents of partnership agreement).

Credits

2016, Nov. 21, P.L. 1328, No. 170, § 25, effective in 90 days [Feb. 21, 2017].
15 Pa.C.S.A. § 8448, PA ST 15 Pa.C.S.A. § 8448
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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