Alabama § 10A-8A-5.04 Power of Personal Representative of Deceased Partner

Alabama Statutes

§ 10A-8A-5.04 — Power of Personal Representative of Deceased Partner

Alabama § 10A-8A-5.04

Title 10AAlabama Business and Nonprofit Entities Code

Ch. 8AAlabama Partnership Law

Art. 5Transferees and Creditors of Partners

This text of Alabama § 10A-8A-5.04 (Power of Personal Representative of Deceased Partner) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 10A-8A-5.04 (2026).

Text

If a partner dies, the deceased partner’s personal representative or other legal representative may:

(a)for the period of time, if any, that the deceased partner’s personal representative or other legal representative holds the deceased partner’s transferable interest:

(1)exercise the rights of a holder of transferable interests under this chapter;

(2)exercise the rights of a transferee under Section 10A-8A-5.02; and

(3)for purposes of settling the estate, exercise the rights of a current partner under Section 10A-8A-4.10; and

(b)for the period of time that the deceased partner’s personal representative or other legal representative does not hold the deceased partner’s transferable interest, for purposes of settling the estate, exercise the rights of a person dissociated as a partner

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If a partner dies, the deceased partner’s personal representative or other legal representative may:
(a) for the period of time, if any, that the deceased partner’s personal representative or other legal representative holds the deceased partner’s transferable interest:
(1) exercise the rights of a holder of transferable interests under this chapter;
(2) exercise the rights of a transferee under Section 10A-8A-5.02; and
(3) for purposes of settling the estate, exercise the rights of a current partner under Section 10A-8A-4.10; and
(b) for the period of time that the deceased partner’s personal representative or other legal representative does not hold the deceased partner’s transferable interest, for purposes of settling the estate, exercise the rights of a person dissociated as a partner under Section 10A-8A-4.10.