North Carolina § 59-705 Power of estate of deceased or incompetent partner

North Carolina Statutes

§ 59-705 — Power of estate of deceased or incompetent partner

North Carolina·Ch. 59 Partnership·Art. 5 Revised 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 of 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. (1985 (Reg. Sess., 1986), c. 989, s. 2.)
§§ 59-706 through 59-800. Reserved for future codification purposes.
Part 8. Dissolution.

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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 of 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. (1985 (Reg. Sess., 1986), c. 989, s. 2.)
§§ 59-706 through 59-800. Reserved for future codification purposes.
Part 8. Dissolution.

North Carolina § 59-705 (Power of estate of deceased or incompetent partner) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.