reglab/housing_qa huggingface dataset:
NC Gen Stat § 59-55 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 2 - Uniform Partnership Act.|§ 59-55 - Nature of a partner's right in specific partnership property.

 59-55. Nature of a partner's right in specific partnership property.(a) A partner is co-owner with his partners of specific partnership property holding as a tenant in partnership.(b) The incidents of this tenancy are such that:(1) A partner, subject to the provisions of this Act and to any agreement between the partners, has an equal right with his partners to possess specific partnership property for partnership purposes; but he has no right to possess such property for any other purpose without the consent of his partners.(2) A partner's right in specific partnership property is not assignable except in connection with the assignment of rights of all the partners in the same property.(3) A partner's right in specific partnership property is not subject to attachment or execution, except on a claim against the partnership. When partnership property is attached for a partnership debt the partners, or any of them, or the representatives of a deceased partner, cannot claim any right under the homestead or exemption laws.(4) On the death of a partner his right in specific partnership property vests in the surviving partner or partners, except where the deceased was the last surviving partner, when his right in such property vests in his legal representative. Such surviving partner, or partners, or the legal representative of the last surviving partner, has no right to possess the partnership property for any but a partnership purpose.(5) A partner's right in specific partnership property is not subject to dower, curtesy, or allowances to widows, heirs, or next of kin. (1941, c. 374, s. 25; 2000-140, s. 101(n).)
NC Gen Stat § 59-56 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 2 - Uniform Partnership Act.|§ 59-56 - Nature of partner's interest in the partnership.

 59-56. Nature of partner's interest in the partnership.A partner's interest in the partnership is his share of the profits and surplus, and the same is personal property. (1941, c. 374, s. 26.)
NC Gen Stat § 59-57 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 2 - Uniform Partnership Act.|§ 59-57 - Assignment of partner's interest.

 59-57. Assignment of partner's interest.(a) A conveyance by a partner of his interest in the partnership does not of itself dissolve the partnership, nor, as against the other partners in the absence of agreement, entitle the assignee, during the continuance of the partnership, to interfere in the management or administration of the partnership business or affairs, or to require any information or account of partnership transactions, or to inspect the partnership books; but it merely entitles the assignee to receive in accordance with his contract the profits to which the assigning partner would otherwise be entitled.(b) In case of a dissolution of the partnership, the assignee is entitled to receive his assignor's interest and may require an account from the date only of the last account agreed to by all the partners. (1941, c. 374, s. 27.)
NC Gen Stat § 59-58 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 2 - Uniform Partnership Act.|§ 59-58 - Partner's interest subject to charging order.

 59-58. Partner's interest subject to charging order.(a) On due application to a competent court by any judgment creditor of a partner, the court which entered the judgment, order or decree, or any other court, may charge the interest of the debtor partner with payment of the unsatisfied amount of such judgment debt with interest thereon; and may then or later appoint a receiver of his share of the profits, and of any other money due or to fall due to him in respect of the partnership, and make all other orders, directions, accounts and inquiries which the debtor partner might have made, or which the circumstances of the case may require.(b) The interest charged may be redeemed at any time before foreclosure, or in case of a sale being directed by the court may be purchased without thereby causing a dissolution:(1) With separate property, by any one or more of the partners, or(2) With partnership property, by any one or more of the partners with the consent of all the partners whose interests are not so charged or sold.(c) Nothing in this Act shall be held to deprive a partner of his right, if any, under the exemption laws, as regards his interest in the partnership. (1941, c. 374, s. 28; 2000-140, s. 101(n).)
NC Gen Stat § 59-59 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 2 - Uniform Partnership Act.|§ 59-59 - Dissolution defined.

 59-59. Dissolution defined.The dissolution of a partnership is the change in the relation of the partners caused by any partner ceasing to be associated in the carrying on as distinguished from the winding up of the business. (1941, c. 374, s. 29.)
NC Gen Stat § 59-60 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 2 - Uniform Partnership Act.|§ 59-60 - Partnership not terminated by dissolution.

 59-60. Partnership not terminated by dissolution.On dissolution the partnership is not terminated, but continues until the winding up of partnership affairs is completed. (1941, c. 374, s. 30.)
NC Gen Stat § 59-61 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 2 - Uniform Partnership Act.|§ 59-61 - Causes of dissolution.

 59-61. Causes of dissolution.Dissolution is caused:(1) Without violation of the agreement between the partners,a. By the termination of the definite term or particular undertaking specified in the agreement,b. By the express will of any partner when no definite term or particular undertaking is specified,c. By the express will of all partners who have not assigned their interests or suffered them to be charged for their separate debts, either before or after the termination of any specific term or particular undertaking,d. By the expulsion of any partner from the business bona fide in accordance with such a power conferred by the agreement between the partners;(2) In contravention of the agreement between the partners, where the circumstances do not permit a dissolution under any other provision of this section, by the express will of any partner at any time;(3) By any event which makes it unlawful for the business of the partnership to be carried on or for the members to carry it on in partnership;(4) By the death of any partner, unless the partnership agreement provides otherwise;(5) By the bankruptcy of any partner or the partnership;(6) By decree of court under G.S. 59-62. (1941, c. 374, s. 31; 1943, c. 384.)
NC Gen Stat § 59-62 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 2 - Uniform Partnership Act.|§ 59-62 - Dissolution by decree of court.

 59-62. Dissolution by decree of court.(a) On application by or for a partner the court shall decree a dissolution whenever:(1) A partner has been adjudicated incompetent or is shown to be of unsound mind,(2) A partner becomes in any other way incapable of performing his part of the partnership contract,(3) A partner has been guilty of such conduct as tends to affect prejudicially the carrying on of the business,(4) A partner wilfully or persistently commits a breach of the partnership agreement, or otherwise so conducts himself in matters relating to the partnership business that it is not reasonably practicable to carry on the business in partnership with him,(5) The business of the partnership can only be carried on at a loss,(6) Other circumstances render a dissolution equitable.(b) On the application of the purchaser of a partner's interest under G.S. 59-57 and 59-58:(1) After the termination of the specified term or particular undertaking,(2) At any time if the partnership was a partnership at will when the interest was assigned or when the charging order was issued.(c) The name of a registered limited liability partnership becomes available for use by another entity as provided in G.S. 55D-21. (1941, c. 374, s. 32; 1985, c. 589, s. 29; 2001-358, s. 41; 2001-387, ss. 173, 175(a); 2001-413, s. 6; 2001-487, s. 107(b).)
NC Gen Stat § 59-63 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 2 - Uniform Partnership Act.|§ 59-63 - General effect of dissolution on authority of partner.

 59-63. General effect of dissolution on authority of partner.Except so far as may be necessary to wind up partnership affairs or to complete transactions begun but not then finished, dissolution terminates all authority of any partner to act for the partnership,(1) With respect to the partners,a. When the dissolution is not by the act, bankruptcy or death of a partner; orb. When the dissolution is by such act, bankruptcy or death of a partner, in cases where G.S. 59-64 so requires,(2) With respect to persons not partners, as declared in G.S. 59-65. (1941, c. 374, s. 33.)
NC Gen Stat § 59-64 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 2 - Uniform Partnership Act.|§ 59-64 - Right of partner to contribution from copartners after dissolution.

 59-64. Right of partner to contribution from copartners after dissolution.Where the dissolution is caused by the act, death or bankruptcy of a partner, each partner is liable to his copartners for his share of any liability created by any partner acting for the partnership as if the partnership had not been dissolved unless(1) The dissolution being by act of any partner, the partner acting for the partnership had knowledge of the dissolution, or(2) The dissolution being by the death or bankruptcy of a partner, the partner acting for the partnership had knowledge or notice of the death or bankruptcy. (1941, c. 374, s. 34.)
NC Gen Stat § 59-65 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 2 - Uniform Partnership Act.|§ 59-65 - Power of partner to bind partnership to third persons after dissolution; publication of notice of dissolution.

 59-65. Power of partner to bind partnership to third persons after dissolution; publication of notice of dissolution.(a) After dissolution a partner can bind the partnership except as provided in subsection (c)(1) By any act appropriate for winding up partnership affairs or completing transactions unfinished at dissolution;(2) By any transaction which would bind the partnership if dissolution had not taken place, provided the other party to the transactiona. Had extended credit to the partnership prior to dissolution and had no knowledge or notice of the dissolution; orb. Though he had not so extended credit, had nevertheless known of the partnership prior to dissolution, and, having no knowledge or notice of dissolution, the fact of dissolution had not been published at least once a week for four successive weeks in some newspaper qualified for legal advertising in each county in which the partnership business was regularly carried on, or if no such newspaper is published in the county, posted for 30 days at the courthouse and three other public places in the county.(b) The liability of a partner under subdivision (a)(2) shall be satisfied out of partnership assets alone when such partner had been prior to dissolution(1) Unknown as a partner to the person with whom the contract is made; and(2) So far unknown and inactive in partnership affairs that the business reputation of the partnership could not be said to have been in any degree due to his connection with it.(c) The partnership is in no case bound by any act of a partner after dissolution(1) Where the partnership is dissolved because it is unlawful to carry on the business, unless the act is appropriate for winding up partnership affairs; or(2) Where the partner has become bankrupt; or(3) Where the partner has no authority to wind up partnership affairs; except by a transaction with one whoa. Had extended credit to the partnership prior to dissolution and had no knowledge or notice of his want of authority; orb. Had not extended credit to the partnership prior to dissolution, and, having no knowledge or notice of his want of authority, the fact of his want of authority has not been advertised in the manner provided for advertising the fact of dissolution in subdivision (a)(2)b.(d) Nothing in this section shall affect the liability under G.S. 59-46 of any person who after dissolution represents himself or consents to another representing him as a partner in a partnership engaged in carrying on business. (1941, c. 374, s. 35; 1951, c. 381, s. 1.)
NC Gen Stat § 59-66 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 2 - Uniform Partnership Act.|§ 59-66 - Effect of dissolution on partner's existing liability.

 59-66. Effect of dissolution on partner's existing liability.(a) The dissolution of the partnership does not of itself discharge the existing liability of any partner.(b) A partner is discharged from any existing liability upon dissolution of the partnership by an agreement to that effect between himself, the partnership creditor and the person or partnership continuing the business; and such agreement may be inferred from the course of dealing between the creditor having knowledge of the dissolution and the person or partnership continuing the business.(c) Where a person agrees to assume the existing obligations of a dissolved partnership, the partners whose obligations have been assumed shall be discharged from any liability to any creditor of the partnership who, knowing of the agreement, consents to a material alteration in the nature or time of payment of such obligations.(d) The individual property of a deceased partner shall be liable for all obligations of the partnership incurred while he was a partner but subject to the prior payment of his separate debts. (1941, c. 374, s. 36.)
NC Gen Stat § 59-67 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 2 - Uniform Partnership Act.|§ 59-67 - Right to wind up.

 59-67. Right to wind up.Unless otherwise agreed the partners who have not wrongfully dissolved the partnership or the legal representative of the last surviving partner, not bankrupt, has the right to wind up the partnership affairs; provided, however, that any partner, his legal representative or his assignee, upon cause shown, may obtain winding up by the court. (1941, c. 374, s. 37.)
NC Gen Stat § 59-68 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 2 - Uniform Partnership Act.|§ 59-68 - Rights of partners to application of partnership property.

 59-68. Rights of partners to application of partnership property.(a) When dissolution is caused in any way, except in contravention of the partnership agreement, each partner, as against his copartners and all persons claiming through them in respect of their interest in the partnership, unless otherwise agreed, may have the partnership property applied to discharge its liabilities, and the surplus applied to pay in cash the net amount owing to the respective partners. But if dissolution is caused by expulsion of a partner, bona fide under the partnership agreement, and if the expelled partner is discharged from all partnership liabilities, either by payment or agreement under G.S. 59-66, subsection (b), he shall receive in cash only the net amount due him from the partnership.(b) When dissolution is caused in contravention of the partnership agreement the rights of the partners shall be as follows:(1) Each partner who has not caused dissolution wrongfully shall have:a. All the rights specified in subsection (a) of this section, andb. The right, as against each partner who has caused the dissolution wrongfully, to damages for breach of the agreement.(2) The partners who have not caused the dissolution wrongfully, if they all desire to continue the business in the same name, either by themselves or jointly with others, may do so, during the agreed term for the partnership and for that purpose may possess the partnership property, provided they secure the payment by bond approved by the court, or pay to any partner who has caused the dissolution wrongfully, the value of his interest in the partnership at the dissolution, less any damages recoverable under clause (b)(1)b of this section, and in like manner indemnify him against all present or future partnership liabilities.(3) A partner who has caused the dissolution wrongfully shall have:a. If the business is not continued under the provisions of subdivision (b)(2) all the rights of a partner under subsection (a), subject to clause (b)(1)b, of this section,b. If the business is continued under subdivision (b)(2) of this section, the right as against his copartners and all claiming through them in respect of their interests in the partnership, to have the value of his interest in the partnership, less any damages caused to his copartners by the dissolution, ascertained and paid to him in cash, or the payment secured by bond approved by the court, and to be released from all existing liabilities of the partnership; but in ascertaining the value of the partner's interest the value of the goodwill of the business shall not be considered. (1941, c. 374, s. 38.)
NC Gen Stat § 59-69 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 2 - Uniform Partnership Act.|§ 59-69 - Rights where partnership is dissolved for fraud or misrepresentation.

 59-69. Rights where partnership is dissolved for fraud or misrepresentation.Where partnership contract is rescinded on the ground of the fraud or misrepresentation of one of the parties thereto, the party entitled to rescind is, without prejudice to any other right, entitled,(1) To a lien on, or right of retention of, the surplus of the partnership property after satisfying the partnership liabilities to third persons for any sum of money by him for the purchase of an interest in the partnership and for any capital or advances contributed by him; and(2) To stand, after all liabilities to third persons have been satisfied, in the place of the creditors of the partnership for any payments made by him in respect of the partnership liabilities; and(3) To be indemnified by the person guilty of the fraud or making the representation against all debts and liabilities of the partnership. (1941, c. 374, s. 39.)
NC Gen Stat § 59-70 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 2 - Uniform Partnership Act.|§ 59-70 - Rules for distribution.

 59-70. Rules for distribution.In settling accounts between the partners after dissolution, the following rules shall be observed, subject to any agreement to the contrary:(1) The assets of the partnership area. The partnership property,b. The contributions of the partners necessary for the payment of all the liabilities specified in subdivision (2) of this section.(2) The liabilities of the partnership shall rank in order of payment, as follows:a. Those owing to creditors other than partners,b. Those owing to partners other than for capital and profits,c. Those owing to partners in respect of capital,d. Those owing to partners in respect of profits.(3) The assets shall be applied in the order of their declaration in subdivision (1) of this section to the satisfaction of the liabilities.(4) The partners shall contribute, as provided by G.S. 59-48, subdivision (1) the amount necessary to satisfy the liabilities; but if any, but not all, of the partners are insolvent, or, not being subject to process, refuse to contribute, the other partners shall contribute their share of the liabilities, and, in the relative proportions in which they share the profits, the additional amount necessary to pay the liabilities.(5) An assignee for the benefit of creditors or any person appointed by the court shall have the right to enforce the contributions specified in subdivision (4) of this section.(6) Any partner or his legal representative shall have the right to enforce the contributions specified in subdivision (4) of this section, to the extent of the amount which he has paid in excess of his share of the liability.(7) The individual property of a deceased partner shall be liable for the contributions specified in subdivision (4) of this section.(8) When partnership property and the individual properties of the partners are in possession of a court for distribution, partnership creditors shall have priority on partnership property and separate creditors on individual property, saving the rights of lien or secured creditors as heretofore.(9) Where a partner has become bankrupt or his estate is insolvent the claims against the separate property shall rank in the following order:a. Those owing to separate creditors,b. Those owing to partnership creditors,c. Those owing to partners by way of contribution. (1941, c. 374, s. 40.)
NC Gen Stat § 59-72 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 2 - Uniform Partnership Act.|§ 59-72 - Rights of retiring partner or estate of deceased partner when the business is continued.

 59-72. Rights of retiring partner or estate of deceased partner when the business is continued.When any partner retires or dies, and the business is continued under any of the conditions set forth in G.S. 59-71, subsections (a), (b), (c), (e), (f), or G.S. 59-68, subdivision (b)(2), without any settlement of accounts as between him or his estate and the person or partnership continuing the business, unless otherwise agreed, he or his legal representative as against such persons or partnership may have the value of his interest at the date of dissolution ascertained, and shall receive as an ordinary creditor an amount equal to the value of his interest in the dissolved partnership with interest, or, at his option or at the option of his legal representative, in lieu of interest, the profits attributable to the use of his right in the property of the dissolved partnership; provided that the creditors of the dissolved partnership as against the separate creditors, or the representative of the retired or deceased partner, shall have priority on any claim arising under this section, as provided by G.S. 59-71, subsection (h). (1941, c. 374, s. 42.)
NC Gen Stat § 59-73 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 2 - Uniform Partnership Act.|§ 59-73 - Accrual of actions.

 59-73. Accrual of actions.The right to an account of his interest shall accrue to any partner, or his legal representative, as against the winding up partners or the surviving partners or the person or partnership continuing the business, at the date of dissolution, in the absence of any agreement to the contrary. (1941, c. 374, s. 43.)
NC Gen Stat § 59-73.1 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 2A - Conversion and Merger.|§ 59-73.1 - Definitions.

 59-73.1. Definitions.As used in this Article:(1) "Business entity" means a domestic corporation (including a professional corporation as defined in G.S. 55B-2), a foreign corporation (including a foreign professional corporation as defined in G.S. 55B-16), a domestic or foreign nonprofit corporation, a domestic or foreign limited liability company, a domestic or foreign limited partnership, a domestic partnership, or any other partnership.(2) "Domestic partnership" means a partnership as defined in G.S. 59-36 that is formed under the laws of this State, including a registered limited liability partnership, but excluding a domestic limited partnership.(3) "Partnership" means a partnership as defined in G.S. 59-36 whether or not formed under the laws of this State including a registered limited liability partnership and a foreign limited liability partnership, but excluding a domestic limited partnership and a foreign limited partnership. (1999-369, s. 4.1; 2001-387, ss. 106, 107.)
NC Gen Stat § 59-73.2 (2021)
2021 North Carolina General Statutes|Chapter 59 - Partnership|Article 2A - Conversion and Merger.|§ 59-73.2 - Recodified as § 59-73.20 by Session Laws 2001-387, s. 105(b).

 59-73.2: Recodified as 59-73.20 by Session Laws 2001-387, s. 105(b).