North Dakota Statutes

§ 45-16-05 — (405) Actions by partnership and partners

North Dakota·Title 45 Partnerships·Ch. 45-16 Relations of Partners to Each Other and to Partnership

1. A partnership may maintain an action against a partner for a breach of the partnership agreement, or for the violation of a duty to the partnership, causing harm to the partnership. 2. A partner may maintain an action against the partnership or another partner for legal or equitable relief, with or without an accounting as to partnership business, to: a. Enforce the partner's rights under the partnership agreement; b. Enforce the partner's rights under chapters 45-13 through 45-21, including:

(1)The partner's rights under section 45-16-01, 45-16-03, or 45-16-04;
(2)The partner's right on dissociation to have the partner's interest in the partnership purchased pursuant to section 45-19-01 or enforce any other right under chapter 45-18 or 45-19; or
(3)The partner's right to compel a di

Free access — add to your briefcase to read the full text and ask questions with AI

North Dakota § 45-16-05 ((405) Actions by partnership and partners) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Nearby Sections

15
View on official source ↗