Court Opinion

ID: 9865795
Source: CourtListenerOpinion
Date Created: 2023-09-25 20:49:05.950471+00
Date Added: 2024-06-11T13:54:24.371018
License: Public Domain

On Petition for Rehearing.
EWBANK, J.
The articles of partnership contained the stipulation that “any of said partners may withdraw from said copartnership at the end of any year by giving three months’ notice of withdrawal.” The statute required, under penalty of fine and imprisonment, for failure to do so, that on or before July 1, 1905, every partnership doing a banking business should file with the Auditor of State a detailed statement, which should include “a copy of the articles of copartnership * * * executed and. acknowledged by all the parties interested therein.” Acts 1905 p. 182. The complaint specifically averred that on June 30, 1905, the defendants terminated and dissolved the partnership, and suit was first commenced on May 11, 1906. No facts were stated in the complaint to the effect that defendants had fraudulently mismanaged the business of the bank, and wrongfully kept it from earning profits, but it was directly alleged that large profits had been earned, for which an accounting was demanded. There was no averment that plaintiff ever acknowledged, or offered to join in acknowledging, the articles of partnership, nor was there any evidence or finding that she made any such offer.
Appellee’s authorities are: (1) those which relate to damages in an action based upon wrongful acts of a partner in breach of a partnership contract by which a dissolution was brought about long before he had a lawful right to terminate the partnership; (2) suits *509asking that an existing partnership be dissolved, and a receiver appointed to wind up its business for misconduct of the defendant in breach of the partnership agreement; or (3) asking such dissolution and an accounting for propérty fraudulently taken out of the partnership assets; and (4) suits to set aside final settlements of partnership affairs because of alleged fraud of the defendant in procuring the plaintiff to make such a settlement on retiring from the partnership. None of these control in such a case as was presented by the pleadings in the case at bar.
The petition for rehearing is overruled.
Townsend, J., absent.