Actions by partnership and partners.
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 partnership, causing harm to the partnership. A partner may maintain an action against the partnership or another partner for legal or equitable relief, with or without an accounting as to partnership business, to enforce the: Partner’s rights under the partnership agreement; Partner’s rights under this chapter, including: The partner’s rights under § 29-604.01, § 29-604.03, or § 29-604.04; The partner’s right on dissociation to have the partner’s interest in the partnership purchased pursuant to § 29-607.01 or enforce any other right under subchapter VI or VII of this chapter; or The partner’s right to compel a dissolution and winding up of the partnership business under § 29-608.01 or enforce any other right under subchapter VIII of this chapter; or Rights and otherwise protect the interests of the partner, including rights and interests arising independently of the partnership relationship. The accrual of, and any time limitation on, a right of action for a remedy under this section shall be governed by other law. A right to an accounting upon a dissolution and winding up shall not revive a claim barred by law. Application of Law 19-210: Section 7 of D.C. Law 19-210 provided that the act shall apply as of January 1, 2012. Uniform Law: This section is based on § 405 of the Uniform Partnership Act (1997 Act).
Annotations
July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720 Mar. 5, 2013, D.C. Law 19-210, § 2(f)(4)(C), 59 DCR 13171 The 2013 amendment by D.C. Law 19-210 redesignated former § 20-604.05 as § 29-604.08. 2001 Ed., § 29-604.05. 2001 Ed., § 33-104.05. 1981 Ed., § 41-154.5.
Sourced from the DC Council Open Law Library (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.