1997 Minnesota Statutes

     323.20 Partner accountable as a fiduciary.  

    Every partner must account to the partnership for any 
 benefit, and hold as trustee for it any profits derived by that 
 partner 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 that partner 
 of its property.  

    This section applies also to the representatives of a 
 deceased partner engaged in the liquidation of the affairs of 
 the partnership as the personal representatives of the last 
 surviving partner.  

    HIST: (7404) 1921 c 487 s 21; 1986 c 444