Right to Formal Accounting of Partnership Affairs

  1. Law
  2. Georgia Code
  3. Corporations, Partnerships, and Associations
  4. Partnerships
  5. Right to Formal Accounting of Partnership Affairs

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In addition to the remedies or methods of dispute resolution provided for in the partnership agreement, any partner shall have the right to a formal accounting as to partnership affairs:

  1. If he is wrongfully excluded from the partnership business or possession of its property by his copartners;
  2. If the right exists under the terms of any agreement;
  3. If the right exists under Code Section 14-8-21; or
  4. Whenever other circumstances render it just and reasonable.

(Code 1981, §14-8-22, enacted by Ga. L. 1984, p. 1439, § 1.)

RESEARCH REFERENCES

Am. Jur. 2d.

- 59A Am. Jur. 2d, Partnership, § 269 et seq., , 606 et seq.

C.J.S.

- 68 C.J.S., Partnership, § 453 et seq.

ALR.

- Lack of partnership accounting as tolling statute of limitations against actions at law between partners, 77 A.L.R. 426.

Right to accounting between attorneys associated in practice, in absence of formal partnership, 81 A.L.R.2d 1420.

When statute of limitations commences to run on right of partnership accounting, 44 A.L.R.4th 678.


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