Massachusetts § 21 Accounting of partner to partnership; profits; personal representative of deceased partner

Massachusetts Statutes

§ 21 — Accounting of partner to partnership; profits; personal representative of deceased partner

Massachusetts § 21

Part IADMINISTRATION OF THE GOVERNMENT

Title XVREGULATION OF TRADE

Ch. 108APARTNERSHIPS

This text of Massachusetts § 21 (Accounting of partner to partnership; profits; personal representative of deceased partner) is published on Counsel Stack Legal Research, covering Massachusetts primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mass. Gen. Laws ch. 108A, § 21 (2026).

Text

Section 21.

(1)Every partner must account to the partnership for any benefit, and hold as trustee for it any profits derived by him 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 him 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.

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Section 21. (1) Every partner must account to the partnership for any benefit, and hold as trustee for it any profits derived by him 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 him 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.

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Bluebook (online)

Massachusetts § 21, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/108A/21.