Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
323A.0403 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 chapter; 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.
History: 1997 c 174 art 4 s 22
(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 chapter; 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.
History: 1997 c 174 art 4 s 22
Official Publication of the State of Minnesota
Revisor of Statutes