Survivorship in Partnership Property

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Nothing in §66-1-107 is intended to affect the right of a surviving partner to the joint property of the firm to settle the partnership business; such partner shall account with the heirs and personal representatives of the deceased partner for the surviving partner's share in the surplus.

Code 1858, § 2011 (deriv. Acts 1784 (Apr.), ch. 22, § 6); Shan., § 3678; mod. Code 1932, § 7605; T.C.A. (orig. ed.), § 64-108.

Cross-References. Revised Uniform Limited Partnership Act, death of partner, §61-2-705.

Revised Uniform Partnership Act, events causing partner's dissociation, §61-1-601.

Textbooks. Pritchard on Wills and Administration of Estates (4th ed., Phillips and Robinson), § 628.


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