§ 7-64-403 — Partner's rights and duties with respect to information

(1) A
partnership shall keep its books and records, if any, at its chief executive office.

(2) A partnership shall provide partners and their agents and attorneys
access to its books and records. It shall provide former partners and their agents
and attorneys access to books and records pertaining to the period during which
they were partners. The right of access provides the opportunity to inspect and
copy books and records during ordinary business hours. A partnership may impose a
reasonable charge, covering the costs of labor and material, for copies of
documents furnished.

(3) Each partner and the partnership shall furnish to a partner, and to the
legal representative of a deceased partner or partner under legal disability:

(a) Without demand, any information concerning the partnership's business
and affairs reasonably required for the proper exercise of the partner's rights and
duties under the partnership agreement or this article; and

(b) On demand, any other information concerning the partnership's business
and affairs, except to the extent the demand or the information demanded is
unreasonable or otherwise improper under the circumstances.

Legislative History

Source: L. 97: Entire article added, p. 881, � 1, effective January 1, 1998.