reglab/housing_qa huggingface dataset:
805 ILCS 206/403
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 206/ - Uniform Partnership Act (1997).|Article 4 - Relations Of Partners To Each Other And To Partnership

Sec. 403.     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 Act; 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.   (Source: P.A. 92-740, eff. 1-1-03.)
805 ILCS 206/404
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 206/ - Uniform Partnership Act (1997).|Article 4 - Relations Of Partners To Each Other And To Partnership

Sec. 404.     General standards of partner's conduct.(a) The fiduciary duties a partner owes to the partnership and the other  partners include the  duty of loyalty and the duty of care set forth in subsections (b) and (c) of  this Section.(b) A partner's duty of loyalty to the partnership and the other partners  includes the following:(1) to account to the partnership and hold as trustee     for it any property, profit, or benefit derived by the partner in the conduct and winding up of the partnership business or derived from a use by the partner of partnership property, including the appropriation of a partnership opportunity;(2) to act fairly when a partner deals with the     partnership in the conduct or winding up of the partnership business as or on behalf of a party having an interest adverse to the partnership; and(3) to refrain from competing with the partnership in     the conduct of the partnership business before the dissolution of the partnership.(c) A partner's duty of care to the partnership and the other partners in  the conduct and  winding up of the partnership business is limited to refraining from engaging  in grossly negligent  or reckless conduct, intentional misconduct, or a knowing violation of law.(d) A partner shall discharge his or her duties to the partnership and the  other partners under  this Act or under the partnership agreement and exercise any rights consistent  with the obligation  of good faith and fair dealing.(e) A partner does not violate a duty or obligation under this Act or under  the partnership  agreement merely because the partner's conduct furthers the partner's own  interest.(f) This Section applies to a person winding up the partnership business as  the personal or  legal representative of the last surviving partner as if the person were a  partner.    (Source: P.A. 92-740, eff. 1-1-03.)
805 ILCS 206/405
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 206/ - Uniform Partnership Act (1997).|Article 4 - Relations Of Partners To Each Other And To Partnership

Sec. 405.     Actions by partnership and partners.(a) A partnership may maintain an action against a partner for a breach of  the partnership  agreement, or for the violation of a duty to the partnership, causing harm to  the partnership.(b) A partner may maintain an action against the partnership or another  partner for legal or  equitable relief, with or without an accounting as to partnership business, to:(1) enforce the partner's rights under the     partnership agreement;(2) enforce the partner's rights under this Act,     including:(i) the partner's rights under Section 401, 403,         or 404;(ii) the partner's right on dissociation to have         the partner's interest in the partnership purchased pursuant to Section 701 or enforce any other right under Article 6 or 7; or(iii) the partner's right to compel a dissolution         and winding up of the partnership business under or enforce any other right under Article 8; or(3) enforce the rights and otherwise protect the     interests of the partner, including rights and interests arising independently of the partnership relationship.(c) The accrual of, and any time limitation on, a right of action for a  remedy under this Section  is governed by other law. A right to an accounting upon a dissolution and  winding up does not  revive a claim barred by law.    (Source: P.A. 92-740, eff. 1-1-03.)
805 ILCS 206/406
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 206/ - Uniform Partnership Act (1997).|Article 4 - Relations Of Partners To Each Other And To Partnership

(805 ILCS 206/406)Sec. 406.         Continuation of partnership  beyond definite term or particular undertaking.(a) If a partnership for a definite term or particular undertaking is  continued, without an  express agreement, after the expiration of the term or completion of the  undertaking, the rights  and duties of the partners remain the same as they were at the expiration or  completion, so far as  is consistent with a partnership at will.(b) If the partners, or those of them who habitually acted in the business  during the term or  undertaking, continue the business without any settlement or liquidation of the  partnership, they  are presumed to have agreed that the partnership will continue.    (Source: P.A. 92-740, eff. 1-1-03.)
805 ILCS 206/Art. 5 heading
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 206/ - Uniform Partnership Act (1997).|Article 5 - Transferees And Creditors Of Partner

 ARTICLE 5  TRANSFEREES AND CREDITORS OF PARTNER
805 ILCS 206/501
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 206/ - Uniform Partnership Act (1997).|Article 5 - Transferees And Creditors Of Partner

Sec. 501.     Partner not co-owner of partnership property.     A partner is not a co-owner of partnership property and has no interest in  partnership property  which can be transferred, either voluntarily or involuntarily.    (Source: P.A. 92-740, eff. 1-1-03.)
805 ILCS 206/502
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 206/ - Uniform Partnership Act (1997).|Article 5 - Transferees And Creditors Of Partner

Sec. 502.     Partner's transferable interest in partnership.     The only transferable interest of a partner in the partnership is the  partner's share of the profits  and losses of the partnership and the partner's right to receive distributions.   The interest is  personal property.    (Source: P.A. 92-740, eff. 1-1-03.)
805 ILCS 206/503
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 206/ - Uniform Partnership Act (1997).|Article 5 - Transferees And Creditors Of Partner

Sec. 503.     Transfer of partner's transferable interest.(a) A transfer, in whole or in part, of a partner's transferable interest in  the partnership:(1) is permissible;(2) does not by itself cause the partner's     dissociation or a dissolution and winding up of the partnership business; and(3) does not, as against the other partners or the     partnership, entitle the transferee, during the continuance of the partnership, to participate in the management or conduct of the partnership business, to require access to information concerning partnership transactions, or to inspect or copy the partnership books or records.(b) A transferee of a partner's transferable interest in the partnership has  a right:(1) to receive, in accordance with the transfer,     distributions to which the transferor would otherwise be entitled;(2) to receive upon the dissolution and winding up of     the partnership business, in accordance with the transfer, the net amount otherwise distributable to the transferor; and(3) to seek under a judicial determination that it is     equitable to wind up the partnership business.(c) In a dissolution and winding up, a transferee is entitled to an account  of partnership  transactions only from the date of the latest account agreed to by all of the partners.(d) Upon transfer, the transferor retains the rights and duties of a partner other than the  interest in distributions transferred.(e) A partnership need not give effect to a transferee's rights under this  Section until it has  notice of the transfer.(f) A transfer of a partner's transferable interest in the partnership in  violation of a restriction  on transfer contained in the partnership agreement is ineffective as to a  person having notice of  the restriction at the time of transfer.    (Source: P.A. 92-740, eff. 1-1-03.)
805 ILCS 206/504
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 206/ - Uniform Partnership Act (1997).|Article 5 - Transferees And Creditors Of Partner

(805 ILCS 206/504)Sec. 504.         Partner's transferable interest  subject to charging order.(a) On application by a judgment creditor of a partner or of a partner's  transferee, a court  having jurisdiction may charge the transferable interest of the judgment debtor  to satisfy the  judgment. The court may appoint a receiver of the share of the distributions  due or to become  due to the judgment debtor in respect of the partnership and make all other  orders, directions,  accounts, and inquiries the judgment debtor might have made or which the  circumstances of the  case may require.(b) A charging order constitutes a lien on the judgment debtor's  transferable interest in the  partnership. The court may order a foreclosure of the interest subject to the  charging order at any  time. The purchaser at the foreclosure sale has the rights of a transferee.(c) At any time before foreclosure, an interest charged may be redeemed:(1) by the judgment debtor;(2) with property other than partnership property, by     one or more of the other partners; or(3) with partnership property, by one or more of the     other partners with the consent of all of the partners whose interests are not so charged.(d) This Act does not deprive a partner of a right under exemption laws with  respect to the  partner's interest in the partnership.(e) This Section provides the exclusive remedy by which a judgment creditor  of a partner or  partner's transferee may satisfy a judgment out of the judgment debtor's  transferable interest in  the partnership.    (Source: P.A. 92-740, eff. 1-1-03.)
805 ILCS 206/Art. 6 heading
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 206/ - Uniform Partnership Act (1997).|Article 6 - Partner's Dissociation

 ARTICLE 6  PARTNER'S DISSOCIATION
805 ILCS 206/602
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 206/ - Uniform Partnership Act (1997).|Article 6 - Partner's Dissociation

Sec. 602.         Partner's power to dissociate;  wrongful dissociation.(a) A partner has the power to dissociate at any time, rightfully or  wrongfully, by express will  pursuant to Section 601(1) of this Act.(b) A partner's dissociation is wrongful only if:(1) it is in breach of an express provision of the     partnership agreement; or(2) in the case of a partnership for a definite term     or particular undertaking, before the expiration of the term or the completion of the undertaking:(i) the partner withdraws by express will, unless         the withdrawal follows within 90 days after another partner's dissociation by death or otherwise under Section 601(6) through (10) or wrongful dissociation under this subsection;(ii) the partner is expelled by judicial         determination under Section 601(5);(iii) the partner is dissociated by becoming a         debtor in bankruptcy; or(iv) in the case of a partner who is not an         individual, trust other than a business trust, or estate, the partner is expelled or otherwise dissociated because it willfully dissolved or terminated.(c) A partner who wrongfully dissociates is liable to the partnership and to  the other partners  for damages caused by the dissociation. The liability is in addition to any  other obligation of the  partner to the partnership or to the other partners.    (Source: P.A. 92-740, eff. 1-1-03.)
805 ILCS 206/603
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 206/ - Uniform Partnership Act (1997).|Article 6 - Partner's Dissociation

(805 ILCS 206/603)Sec. 603.     Effect of partner's dissociation.(a) If a partner's dissociation results in a dissolution and winding up of  the partnership  business, Article 8 of this Act applies; otherwise, Article 7 applies.(b) Upon a partner's dissociation:(1) the partner's right to participate in the     management and conduct of the partnership business terminates, except as otherwise provided in Section 803;(2) except as provided in clause (3) of this     subsection, a partner's duties terminate; and(3) the partner's duty of loyalty under Section     404(b)(1) and (2) and duty of care under Section 404(c) continue only with regard to matters arising and events occurring before the partner's dissociation, unless the partner participates in winding up the partnership's business pursuant to Section 803.   (Source: P.A. 92-740, eff. 1-1-03.)
805 ILCS 206/Art. 7 heading
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 206/ - Uniform Partnership Act (1997).|Article 7 - Partner's Dissociation When Business Not Wound Up

 ARTICLE 7  PARTNER'S DISSOCIATION WHEN BUSINESS NOT WOUND UP
805 ILCS 206/702
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 206/ - Uniform Partnership Act (1997).|Article 7 - Partner's Dissociation When Business Not Wound Up

Sec. 702.         Dissociated partner's power  to bind and liability to partnership.(a) For 2 years after a partner dissociates without resulting in a  dissolution and winding up  of the partnership business, the partnership, including a surviving partnership  under Article 9 of  this Act, is bound by an act of the dissociated partner which would have bound  the partnership  under Section 301 before dissociation only if at the time of entering into the  transaction the other  party:(1) reasonably believed that the dissociated partner     was then a partner;(2) did not have notice of the partner's     dissociation; and(3) is not deemed to have had knowledge under Section     303(e) or notice under Section 704(c).(b) A dissociated partner is liable to the partnership for any damage caused  to the partnership  arising from an obligation incurred by the dissociated partner after  dissociation for which the  partnership is liable under subsection (a) of this Section.    (Source: P.A. 92-740, eff. 1-1-03.)
805 ILCS 206/703
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 206/ - Uniform Partnership Act (1997).|Article 7 - Partner's Dissociation When Business Not Wound Up

Sec. 703.         Dissociated partner's liability  to other persons.(a) A partner's dissociation does not of itself discharge the partner's  liability for a partnership  obligation incurred before dissociation. A dissociated partner is not liable  for a partnership  obligation incurred after dissociation, except as otherwise provided in  subsection (b) of this  Section.(b) A partner who dissociates without resulting in a dissolution and winding  up of the  partnership business is liable as a partner to the other party in a transaction  entered into by the  partnership, or a surviving partnership under Article 9 of this Act, within 2  years after the  partner's dissociation, only if the partner is liable for the obligation under  Section 306 and at the  time of entering into the transaction the other party:(1) reasonably believed that the dissociated partner     was then a partner;(2) did not have notice of the partner's     dissociation; and(3) is not deemed to have had knowledge under Section     303(e) or notice under Section 704(c).(c) By agreement with the partnership creditor and the partners continuing  the business, a  dissociated partner may be released from liability for a partnership  obligation.(d) A dissociated partner is released from liability for a partnership  obligation if a partnership  creditor, with notice of the partner's dissociation but without the partner's  consent, agrees to a  material alteration in the nature or time of payment of a partnership  obligation.    (Source: P.A. 92-740, eff. 1-1-03.)
805 ILCS 206/704
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 206/ - Uniform Partnership Act (1997).|Article 7 - Partner's Dissociation When Business Not Wound Up

Sec. 704.     Statement of dissociation.(a) A dissociated partner or the partnership may file a statement of  dissociation stating the  name of the partnership and that the partner is dissociated from the  partnership.(b) A statement of dissociation is a limitation on the authority of a  dissociated partner for the  purposes of Section 303(d) and (e).(c) For the purposes of Sections 702(a)(3) and 703(b)(3) of this Act, a  person not a partner is  deemed to have notice of the dissociation 90 days after the statement of  dissociation is filed.    (Source: P.A. 92-740, eff. 1-1-03.)
805 ILCS 206/705
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 206/ - Uniform Partnership Act (1997).|Article 7 - Partner's Dissociation When Business Not Wound Up

(805 ILCS 206/705)Sec. 705.     Continued use of partnership name.     Continued use of a partnership name, or a dissociated partner's name as  part thereof, by  partners continuing the business does not of itself make the dissociated  partner liable for an  obligation of the partners or the partnership continuing the business.    (Source: P.A. 92-740, eff. 1-1-03.)
805 ILCS 206/Art. 8 heading
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 206/ - Uniform Partnership Act (1997).|Article 8 - Winding Up Partnership Business

 ARTICLE 8  WINDING UP PARTNERSHIP BUSINESS
805 ILCS 206/801
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 206/ - Uniform Partnership Act (1997).|Article 8 - Winding Up Partnership Business

Sec. 801.         Events causing dissolution  and winding up of partnership business.  A partnership is dissolved, and its business must be wound up, only upon  the occurrence of  any of the following events:(1) in a partnership at will, the partnership's     having notice from a partner, other than a partner who is dissociated under Section 601(2) through (10), of that partner's express will to withdraw as a partner, or on a later date specified by the partner;(2) in a partnership for a definite term or     particular undertaking:(i) within 90 days after a partner's dissociation         by death or otherwise under Section 601(6) through (10) or wrongful dissociation under Section 602(b), the express will of at least half of the remaining partners to wind up the partnership business, for which purpose a partner's rightful dissociation pursuant to Section 602(b)(2)(i) constitutes the expression of that partner's will to wind up the partnership business;(ii) the express will of all of the partners to         wind up the partnership business; or(iii) the expiration of the term or the         completion of the undertaking;(3) an event agreed to in the partnership agreement     resulting in the winding up of the partnership business;(4) an event that makes it unlawful for all or     substantially all of the business of the partnership to be continued, but a cure of illegality within 90 days after notice to the partnership of the event is effective retroactively to the date of the event for purposes of this Section;(5) on application by a partner, a judicial     determination that:(i) the economic purpose of the partnership is         likely to be unreasonably frustrated;(ii) another partner has engaged in conduct         relating to the partnership business which makes it not reasonably practicable to carry on the business in partnership with that partner; or(iii) it is not otherwise reasonably practicable         to carry on the partnership business in conformity with the partnership agreement; or(6) on application by a transferee of a partner's     transferable interest, a judicial determination that it is equitable to wind up the partnership business:(i) after the expiration of the term or         completion of the undertaking, if the partnership was for a definite term or particular undertaking at the time of the transfer or entry of the charging order that gave rise to the transfer; or(ii) at any time, if the partnership was a         partnership at will at the time of the transfer or entry of the charging order that gave rise to the transfer.   (Source: P.A. 92-740, eff. 1-1-03.)
805 ILCS 206/802
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 206/ - Uniform Partnership Act (1997).|Article 8 - Winding Up Partnership Business

Sec. 802.     Partnership continues after dissolution.(a) Subject to subsection (b) of this Section, a partnership continues after  dissolution only for  the purpose of winding up its business. The partnership is terminated when the  winding up of its  business is completed.(b) At any time after the dissolution of a partnership and before the  winding up of its business  is completed, all of the partners, including any dissociating partner other  than a wrongfully  dissociating partner, may waive the right to have the partnership's business  wound up and the  partnership terminated. In that event:(1) the partnership resumes carrying on its business     as if dissolution had never occurred, and any liability incurred by the partnership or a partner after the dissolution and before the waiver is determined as if dissolution had never occurred; and(2) the rights of a third party accruing under     Section 804(1) of this Act or arising out of conduct in reliance on the dissolution before the third party knew or received a notification of the waiver may not be adversely affected.   (Source: P.A. 92-740, eff. 1-1-03.)
805 ILCS 206/803
2021 Illinois Compiled Statutes|Chapter 805 - BUSINESS ORGANIZATIONS|805 ILCS 206/ - Uniform Partnership Act (1997).|Article 8 - Winding Up Partnership Business

Sec. 803.     Right to wind up partnership business.(a) After dissolution, a partner who has not wrongfully dissociated may  participate in winding  up the partnership's business, but on application of any partner, partner's  legal representative, or  transferee, the appropriate court, for good cause shown, may order judicial  supervision of the  winding up.(b) The legal representative of the last surviving partner may wind up a  partnership's  business.(c) A person winding up a partnership's business may preserve the  partnership business or  property as a going concern for a reasonable time, prosecute and defend actions  and proceedings,  whether civil, criminal, or administrative, settle and close the partnership's  business, dispose of  and transfer the partnership's property, discharge the partnership's  liabilities, distribute the assets  of the partnership pursuant to Section 807, settle disputes by mediation or  arbitration, and  perform other necessary acts.    (Source: P.A. 92-740, eff. 1-1-03.)