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  • Property Rights of A Partner

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    Margaret Joy Sobredilla
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    Property Rights of a Partner

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    8 views5 pages

    Property Rights of A Partner

    Uploaded by

    Margaret Joy Sobredilla

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 5
    Business Laws and Regulations oOo SECTION 2. Property Rights of a Partner fit. 1610.The property rights of a partner are: the partnership and to indemnification for-rishs in_ 1) Wis rights in specific partnesship groperty;, Consequence of management ©) Mis interest in the partnerships.and —.-"_t-Right a. atcess_ond inspection_of partnership books 2) Mis right to participate inthe management Right futrue ond full infarmation afl tings Kigits inspecific nartnérship propedty’. ini Offecting the partnecship _by the pactuecship:hoving:o separate juridical persona _yndet_ certain circumstances =< u-- Huon ett ty, artnet have co-cunership otzrthese ptenecties 2 Theright to hove the partnership dissolved also $ti-the_opemtion cf the business of the partners ynder certain conditions ——___-_ a iter paying he eusiteereatr eae : m Interest inthe partnership™Cesidval interest = hee ne hezparines'yshace of the: pentits nd taskess brgerlicn Ownership of Certain. Properti. “heleen a AN pchntoshlp aeeemonts rey ert ye paneshipe intent he: par Right to particimte inthe management +ies is ‘the contmulling factor willbe the sna gers of caminietrotinn Sartnership. property 5 . 7 5. Property cartiec:in partnersniphaaks: a7: Extent of property rights ofa partner ership asset ifthe srerords corry-as.o partner ie Principal rights fi ginomantuce 2 wii * ship Nini id baa opertya Order of priority against claims to parinership iteet amnttn tp onstye 7 ag Outside creditors __ hip Pro ee \nside_creditors (partners) --~ Changes: Value: Tarinership Property fle my vor of Aritions ond (Asef) ‘usequent acquis Principal Rights “ “ ior . 4 i Tartnersnip | Fixed by Mr te oF the ind scltis rights_in specific. gartnership_property. Capita) .29)--agoeements=2 aninutions. “ = . COunersni @ made by portners xchiis interest inthe partnership 2 ues arty) sh atanes tater acti rignt-tapocticipate inthe: monagement: Art. 18) Related Rights Nature of Rarinee’s: Right in Specific Partnership ‘x Baht to reimbotsement Sor amoumts advoncedty PEM er ca | acne air Artitgts I: ~ pero trees. on or eth eri gh aie talent apply’ is r Partnership. i _208 meet fn ote Porinership partner the acting partner tad knowledge Or:no~ 2cincopacity, Hite tne dete or insolvengy _dcMisconduct and persistent breach of partnership. —Oggeements neg, OF notice of. case of dlgsotutlon “2 AsBusinegs.can be cartied on only. ct aloss \-Disealstion.by deatir or insolvency, ofa partner S

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