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Kansas Statutes Chapter 56A. Kansas Uniform Partnership Act § 56a-405. Actions by partnership and partners

Current as of January 01, 2023 | Updated by FindLaw Staff

(a) 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.

(b) 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:

(1) Enforce the partner's rights under the partnership agreement;

(2) enforce the partner's rights under this act, including:

(i) The partner's rights under K.S.A. 56a-401, 56a-403 or 56a-404;

(ii) the partner's right on dissociation to have the partner's interest in the partnership purchased pursuant to K.S.A. 56a-701 or enforce any other right under article 6 or 7; or

(iii) the partner's right to compel a dissolution and winding up of the partnership business under K.S.A. 56a-801 or enforce any other right under article 8; or

(3) enforce the rights and otherwise protect the interests of the partner, including rights and interests arising independently of the partnership relationship.

(c) The accrual of, and any time limitation on, a right of action for a remedy under this section is governed by other law. A right to an accounting upon a dissolution and winding up does not revive a claim barred by law.

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Cite this article: FindLaw.com - Kansas Statutes Chapter 56A. Kansas Uniform Partnership Act § 56a-405. Actions by partnership and partners - last updated January 01, 2023 | https://codes.findlaw.com/ks/chapter-56a-kansas-uniform-partnership-act/ks-st-sect-56a-405/

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