56a-403. Partner's rights and duties with respect to information. - Kansas Statutes

56a-403

Chapter 56a.--KANSAS UNIFORM PARTNERSHIP ACT Article 4.--RELATIONS OF PARTNERS TO EACH OTHER AND TO PARTNERSHIP

      56a-403.   Partner's rights and duties with respect toinformation.(a) A partnership shall keep its books andrecords, if any, at its principal office.

      (b)   A partnership shall provide partners and theiragents and attorneys access to its books and records. It shallprovide former partners and their agents and attorneys access tobooks and records pertaining to the period during which they werepartners. The right of access provides the opportunity to inspectand copy books and records during ordinary business hours. Apartnership may impose a reasonable charge, covering the costs oflabor and material, for copies of documents furnished.

      (c)   Each partner and the partnership shall furnish to apartner, and to the legal representative of a deceased partner orpartner under legal disability:

      (1)   Without demand, any information concerning thepartnership's business and affairs reasonably required for theproper exercise of the partner's rights and duties under thepartnership agreement or this act; and

      (2)   on demand, any other information concerning thepartnership's business and affairs, except to the extent the demandor the information demanded is unreasonable or otherwise improperunder the circumstances.

      History:   L. 1998, ch. 93, § 22; Jan. 1, 1999.