South Carolina § 33-41-540 Partner is accountable as a fiduciary.

South Carolina Statutes

§ 33-41-540 — Partner is accountable as a fiduciary.

South Carolina § 33-41-540

Title 33CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS

Ch. 41UNIFORM PARTNERSHIP ACT

This text of South Carolina § 33-41-540 (Partner is accountable as a fiduciary.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 33-41-540 (2026).

Text

(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 representative of a deceased partner engaged in the liquidation of the affairs of the partnership as the personal representative of the last surviving partner.

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(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 representative of a deceased partner engaged in the liquidation of the affairs of the partnership as the personal representative of the last surviving partner.