Delaware § 17-705 Powers of estate of deceased or incompetent partner

Delaware Statutes

§ 17-705 — Powers of estate of deceased or incompetent partner

Delaware § 17-705

Title6

Ch. 17LIMITED PARTNERSHIPS

Subch.Assignment of Partnership Interests

This text of Delaware § 17-705 (Powers of estate of deceased or incompetent partner) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Del. Code tit. 6, § 17-705 (2026).

Text

If a partner who is an individual dies or a court of competent jurisdiction adjudges the partner to be incompetent to manage the partner’s person or property, the partner’s personal representative may exercise all of the partner’s rights for the purpose of settling the partner’s estate or administering the partner’s property, including any power under the partnership agreement of an assignee 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 personal representative.

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If a partner who is an individual dies or a court of competent jurisdiction adjudges the partner to be incompetent to manage the partner’s person or property, the partner’s personal representative may exercise all of the partner’s rights for the purpose of settling the partner’s estate or administering the partner’s property, including any power under the partnership agreement of an assignee 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 personal representative.

Legislative History

6 Del. C. 1953, § 1721; 59 Del. Laws, c. 105, § 1 ; 63 Del. Laws, c. 420, § 1 ; 65 Del. Laws, c. 188, § 1 ; 70 Del. Laws, c. 186, § 1 ; 71 Del. Laws, c. 78, § 38