§ 7-60-121 — Accountable as a fiduciary

(1) Every partner shall account to the
partnership for any benefit and hold as trustee for it any profits derived by such
partner without the consent of the other partners from any transaction connected
with the formation, conduct, or liquidation of the partnership or from any use by
such partner of its property.

(2) This section applies also to the representatives of a deceased partner
engaged in the liquidation of the affairs of the partnership as the personal
representatives of the last surviving partner.

Legislative History

Source: L. 31: p. 656, � 21. CSA: C. 123, � 21. CRS 53: � 104-1-21. C.R.S. 1963: � 104-1-21. L. 2004: (1) amended, p. 1425, � 81, effective July 1.