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Current as of January 01, 2024 | Updated by Findlaw Staff
If a partner who is an individual dies or a court of competent jurisdiction adjudges him or her to be incompetent to manage his or her person or his or her property, the partner's executor, administrator, guardian, conservator, personal representative, or other legal representative may exercise all the partner's rights for the purpose of settling his or her estate or administering his or her property, including any power the partner had to give an assignee the right to become a limited partner. If a partner is a corporation, limited liability company, trust, or other entity and is dissolved or terminated, the powers of that partner may be exercised by its legal representative or successor.
Cite this article: FindLaw.com - Nebraska Revised Statutes Chapter 67. Partnerships § 67-275. Partner's executor or legal representative; exercise of powers - last updated January 01, 2024 | https://codes.findlaw.com/ne/chapter-67-partnerships/ne-rev-st-sect-67-275/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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