§425-122 - Partner's rights and duties with respect to information.
§425-122 Partner's rights and duties with
respect to information. (a) A partnership shall keep its books and
records, if any, at its chief executive office.
(b) A partnership shall provide partners and
their agents and attorneys access to its books and records. It shall provide
former partners and their agents and attorneys access to books and records
pertaining to the period during which they were partners. The right of access
provides the opportunity to inspect and copy books and records during ordinary
business hours. A partnership may impose a reasonable charge, covering the
costs of labor and material, for copies of documents furnished.
(c) Each partner and the partnership shall
furnish to a partner, and to the legal representative of a deceased partner or
partner under legal disability:
(1) Without demand, any information concerning the
partnership's business and affairs reasonably required for the proper exercise
of the partner's rights and duties under the partnership agreement or this part;
and
(2) On demand, any other information concerning the
partnership's business and affairs, except to the extent the demand or the
information demanded is unreasonable or otherwise improper under the
circumstances. [L 1999, c 284, pt of §1]