Connecticut § 34-29 Powers of legal representative or successor of deceased, incompetent, dissolved or terminated partner.

Connecticut Statutes

§ 34-29 — Powers of legal representative or successor of deceased, incompetent, dissolved or terminated partner.

Connecticut·Title 34 Limited Partnerships, Partnerships, Professional Associations, Limited Liability Companies and Statutory Trusts·Ch. 610 Uniform Limited Partnership Act

If a partner who is an individual dies or a court of competent jurisdiction adjudges him to be incompetent to manage his person or his property, the partner's executor, administrator, guardian, conservator or other legal representative may exercise all the partner's rights for the purpose of settling his estate or administering his property, including any power the partner had to give an assignee the right to become a limited partner. If a partner is a corporation, trust or other entity and is dissolved or terminated, the powers of that partner may be exercised by its legal representative or successor.

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If a partner who is an individual dies or a court of competent jurisdiction adjudges him to be incompetent to manage his person or his property, the partner's executor, administrator, guardian, conservator or other legal representative may exercise all the partner's rights for the purpose of settling his estate or administering his property, including any power the partner had to give an assignee the right to become a limited partner. If a partner is a corporation, trust or other entity and is dissolved or terminated, the powers of that partner may be exercised by its legal representative or successor.

Connecticut § 34-29 (Powers of legal representative or successor of deceased, incompetent, dissolved or terminated partner.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(1961, P.A. 79, S. 21; P.A. 79-440, S. 42.) History: P.A. 79-440 rephrased previous provisions, deleting provision which stated that estate of deceased limited partner is liable for his liabilities as a limited partner, and added provision which required that powers of partner may be exercised by legal representative or successor where partner is a corporation, trust or other entity dissolved or terminated.